• How Interest Rates and Inflation Differ in the US and UK

    How Interest Rates and Inflation Differ in the US and UK

    Economic policymakers around the world are raising interest rates to try to tame the rising cost of living. Jerome Powell, the Federal Reserve chair, reiterated his commitment to that policy in a speech yesterday. He warned against giving up on inflation “prematurely” and promised to “stay the course until the job is done.” But both […]