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If interest rates stay high for a decade or more, what does this mean for us?

Also on the daily podcast: Israel’s war economy and Jilly Cooper’s books

Federal Reserve Chairman Jerome Powell appears on several television screens on the floor of the New York Stock Exchange.

Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withstand the next few months, but a longer war won’t come cheap (12:00). And, Jilly Cooper’s sexy new book (18:55). Runtime: 24 min

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