Fiscal Strains Tie Central Banks' Hands, Raising Alarm Calls - Seoul Economic Daily
Fiscal Strains Tie Central Banks' Hands, Raising Alarm Calls - Seoul Economic Daily
Source: Seoul Economic Daily
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DW NOTE
Seoul Economic Daily raises the alarm, but the alarm has been ringing for eighteen months. The Fed hiked in September with oil at $106 and a two-trillion-dollar deficit already locked in for fiscal 2026. Central banks have hands; they simply refuse to use them, because the alternative is admitting that fiscal dominance has already arrived and the inflation target died with it.