Federal Reserve chair Jerome Powell at a House Financial Services Committee hearing in the Rayburn House Office Building in Washington, on December 2, 2020. The Fed is expected to take the lead on higher interest rates. Photo: Reuters
Opinion
Opinion
Macroscope
Post-pandemic boom: why the clock is already ticking for higher interest rates
- The US is the leading candidate for higher rates simply because its economic fundamentals are so much more upbeat than when the pandemic struck
- By the Federal Reserve’s own standards, it is already falling behind on what’s needed to stay ahead of economic overheating risks
Federal Reserve chair Jerome Powell at a House Financial Services Committee hearing in the Rayburn House Office Building in Washington, on December 2, 2020. The Fed is expected to take the lead on higher interest rates. Photo: Reuters
