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The exact contents of the proposal will be unclear until the Department of Labor releases the rule.

The organization expects interest rates to remain unchanged throughout 2026 in both the U.S. and the UK, while it foresees rate increases in Europe and Japan.

A week after the central bank held its policy rate steady, the second-in-command expressed the expectation that inflation will spike in the short term.

Last month, the CBO predicted that total debt held by the public would reach $32 trillion this year, up from roughly $29 trillion at the start of the Trump administration.

Wall Street firms predict inflation closer to 3% than 2%, a rising unemployment rate, and a 30% chance of an economic downturn.

Three-quarters of respondents say business costs are higher than a year ago, with more than one-third describing the increase as "much higher."