Illustration: Millie Von Platen
The Big Take
Corporate America Is Ignoring Jay Powell and Bingeing on Debt
The recent spike in bond yields may have briefly cooled the market, but the pace of borrowing has been blistering.
For the past 18 months, Federal Reserve Chair Jerome Powell has frantically been trying to break Americans' borrow-and-spend habits. It’s critical to his fight against inflation.
In C-suites across the country, though, CEOs and CFOs aren’t getting the message.