Panelists discuss the economic consequences of the Russian invasion of Ukraine, the use of sanctions by the United States and other countries, and the rates of inflation around the world.
The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy.
This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the distinguished economist Martin Feldstein.
with Karen Karniol-Tambour, Isabelle Mateos y Lago and Jens Nordvig March 15, 2022
World Economic Update
The U.S. Federal Reserve is poised to raise interest rates, the United States assumes the presidency of the UN Security Council, and Japan marks Constitution Memorial Day as the country makes changes to its defense and security policy.
U.S. President Joe Biden travels to Poland as Russia’s war in Ukraine enters a new phase, leaders from OPEC (Organization of the Petroleum Exporting Countries) and its allies convene virtually to discuss oil production, and international themes abound at the Ninety-Fourth Academy Awards.
Sebastian Mallaby, CFR’s Paul A. Volcker senior fellow for international economics, sits down with James M. Lindsay to discuss how Silicon Valley’s venture capitalists are shaping the future of innovation and the global economy.
The dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to borrow easily and to levy painful sanctions. But could it lose this status?