Central bankers and economists from around the world are convening remotely for the annual Jackson Hole symposium on Aug. 27, 2021, to discuss the future of monetary policy. For the second year in a row, the annual conference will be virtual and the theme – Macroeconomic Policy in an Uneven Economy – seems appropriate given […]
Fed rate hikes are already forcing US to spend record amounts on interest payments – and it’s going to keep getting worse
Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is, too. The U.S. government spent a record US$232 billion in interest payments on its debt in the first quarter of 2023, over 50% more than a year ago and over three times […]