Money Talks: Omicronomics

China's economy is slowing while America's overheats, prompting Jerome Powell to suggest this week that the Fed could act faster than planned. As the Omicron variant triggers a fresh wave of travel restrictions, is the world economy caught between a rock and a hard place? Host Patrick Lane and Henry Curr, our economics editor, assess the threats to global growth. With Carmen Reinhart, senior vice-president and chief economist of the World Bank group, and Wang Tao, chief China economist and head of Asia research for UBS, an investment bank. We would love to hear from you—please take a moment to complete our listener survey at economist.com/moneytalkssurvey  Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks