The IMF advises the U.S. Federal Reserve to delay cutting interest rates until late 2024 to mitigate inflation risks.

The IMF suggests tax hikes, including on households earning less than $400,000 a year.

Recommendations include progressive tax increases, closing loopholes, and adjusting corporate tax rates.

The IMF proposes indexing Social Security benefits and raising federal excise taxes on gasoline and diesel to address growing deficits.

IMF Chief Economist Pierre-Olivier Gourinchas underscores the need for sustainable evidence of inflation before changing monetary policy to prevent further inflationary pressures and maintain economic stability.