President of the European Central Bank Christine Lagarde (C) departs a meeting of G20 Finance Ministers and Central Bank Governors during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell (R) departs a meeting of G20 Finance Ministers and Central Bank Governors during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell departs a meeting of G20 Finance Ministers and Central Bank Governors during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

IMF Managing Director Kristalina Georgieva departs a meeting of G20 Finance Ministers and Central Bank Governors during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

US Federal Reserve Chair Jerome Powell (R) departs a meeting of G20 Finance Ministers and Central Bank Governors during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 16, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

WASHINGTON, DC - APRIL 16: Gan Kim Yong (Deputy Prime Minister and Minister for Trade and Industry - Singapore) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: (L-R) Gan Kim Yong (Deputy Prime Minister and Minister for Trade and Industry - Singapore) and Clay Chandler (Managing Editor, Live Journalism - Semafor) speak on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Diane Hoskins (Global Co-Chair - Gensler) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)