The US Treasury building in Washington, D.C., US, on Sunday, May 22, 2022.The Federal Reserve raised interest rates by 50 basis points earlier this month and the chairman indicated it was on track to make similar-sized moves at its meetings in June and July.(Bloomberg)All the talk lately about the size of the national debt is obscuring the real problem: The US government made the wrong bet on interest rates, and that will cost taxpayers for years to come.
#back #years #necessarily #governments #outstanding #interest-rates #federal-reserve #treasury-department #economic-growth #insurance-companies
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