The US economy is poised for a soft landing as monetary policy cools inflation without tipping the economy into recession, according to the head of the international monetary fund. She also praised the US, the world's largest economy, for helping to support global growth at a time when other countries are slowing. Ms Georgieva said on Tuesday that the Federal Reserve was largely "right" to keep interest rates high before cutting them by 50 basis points earlier this month. "We are in a very good situation," she said in response to a question about US inflation. "The US has helped keep the world economy afloat during this very difficult time." She also credited emerging markets in Asia with helping to support the expansion. She reiterated that the IMF expects the global economy to grow by 3.2 percent this year, and that the IMF will update its World Economic Outlook projections at its annual meeting next month.