April 7, 2026/US Federal Reserve Vice Chair Philip N. Jefferson Thank you for the warm welcome. It is an honor to speak here at the University of Detroit Mercy.1 I spent most of my career as an economics professor before joining the Board of Governors, so I feel right at home […]
World News
Global Imbalances: Old Questions, New Answers?
(Credit: IMF Photo) Widening global current account imbalances are best addressed by simultaneous domestic policy adjustments. Industrial policy and tariffs offer a costly fix with unreliable effects on imbalances. April 6, 2026/IMFBlog Pierre-Olivier Gourinchas, Christian Mumssen Global current account imbalances are widening again, reversing a decade of steady decline following the […]
The Impacts of the Middle East Conflict on Africa
Twenty-nine currencies in Africa have weakened, raising the cost of servicing external debt and importing food, fuel, and fertilizer April 6, 2026/AfDB The global economic environment has become increasingly volatile with rising frequency of major shocks worldwide. Amid spikes in energy, food and fertilizer prices caused by the ongoing conflict […]
