The Federal Reserve held rates steady this week as policymakers assessed persistent inflation and evolving financial conditions. Chair Kevin Warsh acknowledged that credit conditions have tightened for some borrowers and that capital markets are becoming more selective.
As a French citizen who grew up in France, a product of its education system and an investor who assesses risk for a living, the current unrest pains me on both a personal and professional level. I owe much to the opportunities France gave me.