“During previous [global economic] crises, the world’s leading governments were able to set aside enough of their differences to come up with robust responses. This time around, that is nowhere in sight. This breakdown of cooperation may be the most lasting and worrisome effect of the current series of overlapping crises,” CFR’s Edward Alden writes for Foreign Policy. “Interest rates are blunt tool, making it difficult for the Fed to slow the economy with precision,” the New York Times’ Jeanna Smialek writes. “The war in Ukraine and China’s newly reimposed lockdowns meant to contain the coronavirus could keep prices elevated.” |
