Higher Rates May Be the New Normal, Bloomberg Economist Warns

Higher interest rates may become the new normal, Bloomberg Economics Chief Economist Tom Orlik said on Bloomberg This Weekend. That shift leaves governments, businesses and households facing rising costs from debt built up during years of cheap borrowing. Orlik told hosts David Gura and Christina Ruffini that Federal Reserve Chair Kevin Warsh faces a key test at next week's meeting. Markets expect tighter policy, which could put the central bank at odds with President Donald Trump's preference for lower rates.