00:00I mean, the fact that the Fed raised interest rates is a reflection that the war in Iran is having
00:08important consequences for the world.
00:10Inflation is now a bigger problem for many countries, and to address inflation, the U.S. needs to raise interest
00:17rates.
00:18What I think is also good about the interest rate increase is that it's a very good sign of the
00:22independence of the U.S. Fed Reserve,
00:24which people were questioning in recent months. I think that this is a strong statement.
00:29But we are in this environment where borrowing costs are going to go up,
00:32and when countries have high levels of public debt, that can be much more consequential for their fiscal situation.
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