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10 Ways to Explain Why Interest Rates Are So High

If you can’t pin down why something’s happening, you don’t have much hope of fixing it.

Β© Evelyn Hockstein/Reuters

President Donald Trump speaks with the Federal Reserve Chair Kevin Warsh on the day of his swearing in ceremony in May.

Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for higher rates.

Β© Kazuhiro Nogi/Agence France-Presse β€” Getty Images

The Bank of Japan governor, Kazuo Ueda, indicated that underlying inflation was approaching the central bank’s 2 percent target after months of steady signals.
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