Yves Daccord, a co-founder of Edgelands Institute and a fellow at Harvard’s Berkman Klein Center for Internet and Society, is a former director general of the International Committee of the Red Cross.
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
