A new slate of BWC Backgrounders explores the key forces shaping interest rates, debt, and credit in the United States. Amid shifting fiscal and financial dynamics, these pieces offer context to help make sense of today’s policy decisions.

Read the full Backgrounders:

What Drives US Interest Rates? by William C. Dudley, Chair, Bretton Woods Committee; Former President, Federal Reserve Bank of New York

Debt, Deficits, and Credit Ratings by Rebecca Patterson, Vice Chair, Bretton Woods Committee