Interest Rate Hike Sets US On Collision Course With Fiscal Reckoning – OpEd
Published
It’s no secret that interest rates rose sharply in 2022. After sitting on its hands for more than a year, President Biden’s inflation forced the Federal Reserve into action. Its response was to hike interest rates; now, its interest rate hikes are biting into the economy.
The interest rates are also biting into the U.S....