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The Latest Breaking News from Kenneth Rogoff

What are the political consequences of austerity? A history lesson for Keir Starmer

The British government has argued that a black hole exists in the public finances to the tune of £22 billion in this financial year. It claims that dealing with this will involve a period of fiscal restraint, which usually means spending cuts.

The Conversation

I believed Starmer and Reeves were too smart to repeat austerity. It appears I was wrong

New governments usually come into power offering hope and a break with the past. This one is squandering the opportunity for a fresh start, says David Blanchflower

The Guardian - UK

Kroger's Under Investigation For Digital Shelf Labels: Are They Changing Prices Depending On When People Shop?

Kroger faces backlash over rapid price hikes, adding to financial burdens for consumers already struggling with soaring grocery costs.

International Business Times UK

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Harvard Professor Rogoff Says Fed Won’t Have It Easy Keeping Inflation At 2% In ‘Changed World’

The U.S. will have major trouble getting to 2% as it may take over a year to reach their goal and avoid a government default.

Zenger

Silicon slump? How worried should we be about another financial crisis?

The collapse of Silicon Valley Bank has raised the spectre of another financial crisis. As the contagion appears to be spreading, Samuel Fishwick investigates how spooked we should be feeling

Evening Standard

Biden's test: Can he show competence to avert banking chaos

President Joe Biden is confronting a significant challenge as his administration grapples with the fallout from the second- and third-largest bank failures in history

The Independent UK

Fed's Motto: 'Higher for Longer' Interest Rates

In recent months, whenever expectations leaned toward higher rates, stocks and bonds have fallen.

The Street

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Economists fret over perils ahead for global growth

The world economy looks to be transitioning to a more difficult era in which interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.

Tribune News Service

$2B in loans to help Ukraine's ag, fuel import businesses

Private businesses in Ukraine are in line to receive $2 billion in financing arranged by the International Finance Corp. to help rebuild the country’s agriculture and fuel import industries and other ventures, which have faced extensive losses because of the war

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