David Zervos speaks during a Bloomberg Television interview in New York, U.S., on Thursday, Jan. 14, 2016. <\/p>\n
Bloomberg | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
The International Monetary Fund should check its own forecasting record before criticizing U.S. fiscal policy, David Zervos, newly appointed counselor to the Treasury Secretary<\/a>, said on Thursday. <\/p>\n “When we see pieces on the IMF, it’s good to remember how messy their forecasts have been in the past,” Zervos said in emailed comments to CNBC. <\/p>\n The former Wall Street economist was responding to the IMF’s Managing Director Kristalina Georgieva, who cautioned during the IMF-World Bank annual meetings in Bangkok on Wednesday that strong U.S. economic growth would not be sufficient to put mounting federal debt <\/a>on a sustainable course. <\/p>\n Georgieva was herself responding to U.S. Treasury Secretary Scott Bessent, who told CNBC in August that the U.S. could “grow our way out”<\/a> of a rising debt-to-GDP ratio, after government debt surpassed $40 trillion<\/a>. <\/p>\n<\/div>\n
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