The Steady Drip: IMF Does Not See US Recession in Spite of Tariffs (Connecting the Dots: International Monetary Fund (IMF), Russia, Mexico, The Bretton Woods Committee, The International Crisis Group, The Carnegie Endowment for International Peace & Soros Funding, All Networking)

IMF Does Not See US Recession in Spite of Tariffs (Connecting the Dots: International Monetary Fund (IMF), Russia, Mexico, The Bretton Woods Committee, The International Crisis Group, The Carnegie Endowment for International Peace & Soros Funding, All Networking)

Newsmax.com

Friday, 28 March 2025 12:01 PM EDT

(Dreamstime)

https://www.newsmax.com/finance/streettalk/imf-us-tariffs/2025/03/28/id/1204746/

The International Monetary Fund is continuing to assess the impact of President Donald Trump's tariff plans, including his new 25% auto tariffs, but the global lender's baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said.

Kozack, asked about Trump's tariff plans during a regular IMF press briefing Thursday, said the duties imposed on goods from Canada and Mexico, if sustained, would have a "significant adverse effect" on those countries' economic outlooks, but declined to provide specific details.

The IMF is continuing to assess the impacts of Trump's various tariff announcements on other regions, she said. Many of these assessments will be incorporated into the IMF's next World Economic Outlook forecasts, due to be released in late April, and Kozack said the report will clearly state which actions are included in the assessments of economic growth and inflation.

Some of Trump's tariffs could be delayed until later, including for auto parts duties that could take until May 3 to be activated.

Kozack said the U.S. economy had been continuing to outperform expectations at the time of the IMF's January WEO update, remaining "remarkably strong" throughout a monetary tightening cycle that ended last year.

Three days before Trump took office on January 20, the IMF raised its 2025 U.S. growth forecast to 2.7% from the 2.2% envisioned in October, based on a strong labor market and accelerating investment.

"Since then, of course, there have been many developments," Kozack said. "Large policy shifts have been announced, and the incoming data is signaling a slowdown in economic activity from the very strong pace in 2024 ... recession is not part of our baseline" for the U.S.

Kozack did not address questions on the inflationary impact of Trump's tariffs, but said the IMF has seen greater-than-expected persistence in inflation, which will impact the WEO's growth and inflation projections.

"And what this means for central bank and policymakers is, of course, that agile and proactive monetary policy is going to be needed to ensure that inflation expectations remain well-anchored."

Regarding Russia's inflation outlook, Kozack said that despite January projections that Russian inflation would ease, it remains high and well above the Russian central bank's 4% target, reflecting a tight labor market and strong wage growth.

"Currently, we are not seeing signs of an easing of inflation" in Russia, she said.

Connecting the Dots:
Christine Lagarde is a managing director at the International Monetary Fund (IMF and attended George Soros’s 2013 wedding reception.

George Soros was married in 2013, Christine Lagarde attended his wedding reception, the chairman for the Foundation to Promote Open Society and is a member of the Bretton Woods Committee.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

Samantha Power was a director at the International Rescue Committee and is the U.S. ambassador for the United Nations.

Morton I. Abramowitz is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

Madeleine K. Albright is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

W. Michael Blumenthal is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

Maurice R. Greenberg is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

Henry A. Kissinger is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

Colin L. Powell is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

Felix G. Rohatyn is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

John C. Whitehead is an overseer at the International Rescue Committee and a member of the Bretton Woods Committee.

James D. Wolfensohn is an overseer at the International Rescue Committee and a co-chair, member of the Bretton Woods Committee.

George Soros is a member of the Bretton Woods Committee and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

Kenneth S. Rogoff is a member of the Bretton Woods Committee and was the chief economist for the International Monetary Fund (IMF).

Mohamed A. El-Erian is a member of the Bretton Woods Committee, a trustee at the Carnegie Endowment for International Peace (think tank) and was the deputy director for the International Monetary Fund (IMF).

James F. Collins is a senior associate at the Carnegie Endowment for International Peace (think tank) and was a U.S. ambassador for Russia.

Jessica Tuchman Mathews was the president of the Carnegie Endowment for International Peace (think tank) and is a board member of the International Crisis Group.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a board member of the International Crisis Group.

Ernesto Zedillo was a board member for the International Crisis Group and the president of Mexico.

Igor S. Ivanov was a board member of the International Crisis Group and the minister of foreign affairs for Russia.

Yegor Gaidar was a board member of the International Crisis Group and the prime minister for Russia.

Michael A. McFaul is the U.S. ambassador for Russia and was a research associate at the Center for International Security and Arms Control.

William J. Perry was a co-director for the Center for International Security and Arms Control and is a director at the Nuclear Threat Initiative (think tank).

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Mohamed A. El-Erian is a trustee at the Carnegie Endowment for International Peace (think tank) and was the deputy director for the International Monetary Fund (IMF).

James F. Collins is a senior associate at the Carnegie Endowment for International Peace (think tank) and was a U.S. ambassador for Russia.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and a board member of the International Crisis Group.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Igor S. Ivanov is a director at the Nuclear Threat Initiative (think tank), a director at the United Nations Foundation, was the minister of foreign affairs for Russia and a board member of the International Crisis Group.

Ted Turner is a co-chairman for the Nuclear Threat Initiative (think tank), the chairman for the United Nations Foundation, the founder for the Turner Broadcasting System Inc. and the founder of CNN.

Vivian Schiller was the Russian interpreter for the Turner Broadcasting System Inc.

Walter Isaacson was the chairman & CEO for CNN wrote Steve Jobs’s autobiography and is the president & CEO for the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank) and the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and a board member of the International Crisis Group.

Thomas R. Pickering was a lifetime trustee at the Aspen Institute (think tank), a U.S. ambassador for Russia, is a co-chair for the International Crisis Group and a distinguished fellow at the Brookings Institution (think tank).

Carlos Pascual was a VP for the Brookings Institution (think tank) and a U.S. ambassador for Mexico.

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank), Valerie B. Jarrett’s great uncle, a director at the American Friends of Bilderberg (think tank) and a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP.

Robert S. Strauss is a partner at Akin, Gump, Strauss, Hauer & Feld, LLP, a friend of George H.W. Bush, and was a U.S. ambassador for the Union of Soviet Socialist Republics (USSR).
George H.W. Bush was a friend of Robert S. Strauss and an honorary chairman for the EastWest Institute.

Alexander Voloshin is a director at the EastWest Institute and was the chief of staff to the president for Russia.

James F. Collins was a U.S. ambassador for Russia, a senior advisor at Akin, Gump, Strauss, Hauer & Feld, LLP and is a senior associate at the Carnegie Endowment for International Peace (think tank).

Mohamed A. El-Erian is a trustee at the Carnegie Endowment for International Peace (think tank) and was the deputy director for the International Monetary Fund (IMF).

James F. Collins is a senior associate at the Carnegie Endowment for International Peace (think tank) and was a U.S. ambassador for Russia.

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank) and the Center for American Progress.

George Soros was the chairman for the Foundation to Promote Open Society and a supporter for the Center for American Progress.

Tom Daschle is a director at the Center for American Progress and was a special policy adviser at Alston & Bird.

Alston & Bird is the consulting firm for Russia.
Marilyn K. Yager is a senior policy adviser for Alston & Bird and was the health aide for the U.S. Department of State secretary John F. Kerry.

Marc Scheineson is a partner at Alston & Bird and was an associate commissioner for legislative affairs for the U.S. Food and Drug Administration (FDA).

Margaret A. Hamburg is the commissioner for the U.S. Food and Drug Administration (FDA) and the VP for the Nuclear Threat Initiative (think tank), and her father is David A. Hamburg.

David A. Hamburg is Margaret A. Hamburg’s father and an at the Nuclear Threat Initiative (think tank).

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

William J. Perry is a director at the Nuclear Threat Initiative (think tank) and was a co-director for the Center for International Security and Arms Control.

Michael A. McFaul was a research associate at the Center for International Security and Arms Control and is the U.S. ambassador for Russia.

James F. Collins was a U.S. ambassador for Russia and is a senior associate at the Carnegie Endowment for International Peace (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Mohamed A. El-Erian is a trustee at the Carnegie Endowment for International Peace (think tank) and was the deputy director for the International Monetary Fund (IMF).

Kenneth S. Rogoff was the chief economist for the International Monetary Fund (IMF) and is a member of the Bretton Woods Committee.

George Soros is a member of the Bretton Woods Committee Jonathan Soros’s father and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the New America Foundation.

Douglas A. Rediker was a member of the Bretton Woods Committee, a senior fellow at the New America Foundation and the U.S. alternate executive director for the International Monetary Fund (IMF).

Jonathan Soros is George Soros’s son and a director at the New America Foundation.

Eric E. Schmidt is the chairman of the New America Foundation, was a funder for the New America Foundation and a director at Apple Inc.

Steve Jobs was a co-founder & chairman for Apple Inc., married to Laurene Powell Jobs and authorized Walter Isaacson to write his autobiography.

Laurene Powell Jobs was a director at the New America Foundation, married to Steve Jobs, is the Publisher for The Atlantic and the founder of Emerson Collective.

Emerson Collective owns The Atlantic.

Arne S. Duncan is a managing partner at Emerson Collective, a trustee at the Truman Scholarship Foundation and was the secretary at the U.S. Department of Education for the Barack Obama administration.

Madeleine K. Albright is the president of the Truman Scholarship Foundation and an overseer at the International Rescue Committee.

Samantha Power was a director at the International Rescue Committee, a board member for the International Crisis Group, Barack Obama’s aide, the United Nations U.S. ambassador for the Barack Obama administration and a contributor for The Atlantic.

Foundation to Promote Open Society was a funder for the International Rescue Committee.

George Soros was the chairman for the Foundation to Promote Open Society, a board member of the International Crisis Group and is a member of the Bretton Woods Committee.