NewsBite

Opinion

Ed Shann

US bond market bomb could blow up the world economy

Despite conflicting monetary and budget policies, can Jay Powell get inflation down without unexpected collapses in financial markets? We should all hope so, but it is no certainty.

Joe Biden keeps spending while Jay Powell is raising interest rates to tame inflation.

Former British prime minister Liz Truss blew up the UK bond market by offering unfunded tax cuts.

Loading...
Dr Ed Shann is an independent economist.

Read More

Latest In Economy

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/economy/us-bond-market-bomb-could-blow-up-the-world-economy-20231008-p5eamw