Black Rock: high interest rates in the US should last 5 years

High interest rates in the US are likely to continue for the next five years. This is the assessment of Jean Boivin, director of the BlackRock Investment Institute and former vice-president of the Bank of Canada, in an interview with the Financial Times at the end of last week. Between 2007 and 2023, the US debt quadrupled, from $8 trillion to $33 trillion.