Minutes from the FOMC's March meeting indicate the Fed is "scrambling to get policy back to neutral as quickly as they can. ... to get inflation back under control."
Even before the invasion of Ukraine focused attention on Europe's dependence on fossil fuels from Russia, regulatory changes and climate litigation were converging to make 2022 a pivotal year for climate change law in Europe.
Expressing pessimism that the U.S. can change China's behavior, Trade Representative Tai wants to prioritize increasing U.S. competitiveness in strategic industries and working with American allies to boost supply-chain resiliency.
"We're trying to read the tea leaves of what the Russian government is most concerned about when they have threatened foreign companies that have halted operations or pulled out of Russia," said Thad McBride, a partner with Bass, Berry & Sims.
Russian alternative to SWIFT may begin processing bilateral payments to and from India, providing a path for Russia to bypass the strict Western sanctions regime.
"The SEC's climate disclosure proposal is the most extensive, comprehensive and complicated disclosure initiative in decades," said Wilmer Cutler Pickering Hale and Dorr partner Meredith Cross, a former SEC official.
Even dovish FOMC members are now supporting faster and larger rate hikes—likely including a half-point increase in May and a total of more than 2 percentage points in hikes before the end of 2022.
