The US thinks of itself as the defender of the rules-based international order. On the security front, President Joe Biden’s administration has performed extraordinarily, leading the G7, Nato and close allies in a united response to Russia and other ‘western’ challenges, including through strong multilateral sanctions. But when it comes to international economic policy, an area also critical for US national security, America is often not acting as a leader nor paying sufficient attention to foreign views.
Much focus has been on monetary policy and the performance of the Bank of England. But there are greater problems with fiscal policy and the role of the Treasury.
This virtual roundtable convenes expert economists to discuss the global economic outlook, focusing on prospects for 2024. Speakers assess monetary and fiscal developments across these regions and analyse prospects for growth.
Anna Wong, chief US economist for Bloomberg Economics, joins Mark Sobel, US chair of OMFIF, to discuss the outcomes of the 13 December Federal Open Market Committee meeting.
From central banks’ forays into digital currencies and attitudes to cross-border payments, this report delves into the push to develop regional payment networks and the challenges of establishing regulatory harmony.
