Successive administrations have repeatedly delayed the necessary changes, and short-term pain, required to get a grip on the public finances. Tariffs are one policy tool that could, if implemented correctly,…
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Treasury Secretary Scott Bessent continues to reiterate his intentions to lower 10-year US Treasury yields. But attempts to jawbone Treasury yields lower will only work so far. Contrary to the…
DOGE claims to have saved $115bn so far. But the true figure is closer to just $10bn. It is hard to take claims for deficit reduction seriously, when DOGE is…
Germany’s break with fiscal conservatism is a watershed moment. The ramp up in defence and infrastructure spending, and the loosening of fiscal rules to accommodate this, will be an important,…
Trump’s climate assault comes at an inauspicious moment, as climate change accelerates. The gutting of climate policy is short-sighted and will eventually backfire, leaving a lasting, detrimental impact on the…
National CPI inflation in Japan accelerated from 3.62% to 4.03% in January. Governor Ueda alluded to the fact that the rise in food prices may not be so temporary and…
