The U.S. economy is running hot and stuck on a hamster wheel as GDP growth must outpace borrowing costs—or else get sucked into a debt spiral
High gas prices and low consumer sentiment over the cost of living have obscured how robust the U.S. economy has been lately. Not only has the economy absorbed shocks from President Donald Trump’s tariffs and war on Iran, it has been running hot. Federal Reserve policymakers recognized that the economy isn’t just resilient but thriving…