"When you have to use a brute-force tool, sometimes there's some collateral damage. ... We're trying to do this in a way that there's not much of it, but we can't tailor policy."
Many companies do not understand the scope of their interest rate, currency, and commodity price risks. That knowledge gap has the potential to blow up corporate planning processes.
Minutes from the FOMC's March meeting indicate the Fed is "scrambling to get policy back to neutral as quickly as they can. ... to get inflation back under control."
Even before the invasion of Ukraine focused attention on Europe's dependence on fossil fuels from Russia, regulatory changes and climate litigation were converging to make 2022 a pivotal year for climate change law in Europe.
Expressing pessimism that the U.S. can change China's behavior, Trade Representative Tai wants to prioritize increasing U.S. competitiveness in strategic industries and working with American allies to boost supply-chain resiliency.
"We're trying to read the tea leaves of what the Russian government is most concerned about when they have threatened foreign companies that have halted operations or pulled out of Russia," said Thad McBride, a partner with Bass, Berry & Sims.
