After years of increasing trade, cooperation, and dollarization, the future of the new global order is unclear. The war in Ukraine may bring a new economic cold war, with the U.S. and Europe on one side, China and Russia on the other, and many developing economies stuck in the middle. Such a conflict may have profound consequences for inflation, the future of the dollar, the volume of trade, and demand for U.S. debt. Harvard economics professor and former chief economist at the International Monetary Fund (IMF), Ken Rogoff, will join us for a round-table discussion on these developments and what they portend for the U.S. economy and financial markets.
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