Secretary of State Anthony Blinken last year correctly defined the US-China relationship as the greatest challenge of the 21st century, observing that: ‘Our relationship with China will be competitive when it should be, collaborative when it can be, adversarial when it must be.’ Blinken’s statement represented a welcome, smart and pragmatic framing. But how is it being implemented on the economic and financial front, which should be a poster child for collaboration?
Fed presidents cautiously optimistic for a soft landing By Julian Jacobs The central question facing the US economy right now is whether the Federal Reserve’s interest rate hikes will produce a hard or soft landing. While most economists predict recession, there are strong cases to be made for both scenarios.
MEETINGS The UK economic landscape Tuesday 12 July, Live broadcast Andrew Bailey, governor of the Bank of England, discusses how the impact of Covid-19 and the influence of longer-term structural forces will affect the economic landscape and policy-making in the years to come.
ON DEMAND Quantitative tightening: how fast, how far? Neil Williams, OMFIF’s chief economist, speaks with Taylor Pearce, OMFIF economist, in a lightning-round podcast on quantitative easing. They discuss why central banks are so slow to wind down their balance sheets and what the benefits of running quantitative tightening would be.
Data: Towards a new age of economic enlightenment As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.
