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US fiscal mess sets chaotic example for the rest of the world

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US fiscal mess sets chaotic example for the rest of the world

Tuesday 5 October 2021 – Vol.12 Ed.40.2

Commentary: Congress must get its act together amid fiscal mayhem

By Mark Sobel in Washington

‘America is back,’ President Joe Biden’s administration has repeatedly told the world. This declaration that the US will be a multilateralist global leader is a vast improvement on the last few years. But for a country to lead and project power abroad, it must have good economic dynamism and it must have its act together. Political infighting, stalled legislation and an approaching debt ceiling are causing fiscal chaos.

Read the full commentary on the website.

Meeting: OMFIF live broadcast with Christopher Waller

Thursday 21 October, 15:00-16:00 BST

Christopher Waller, member of the board of governors of the Federal Reserve System, joins Mark Sobel, US chair, OMFIF, for a broad discussion on the outlook of the Federal Reserve. Their discussion will take in everything from the economic outlook, monetary policy, central bank independence and a reaction to announcements from the previous week’s International Monetary Fund meetings.

Register to attend here.

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