Government debt is dominating monetary policy - GIS Reports
Government debt is dominating monetary policy - GIS Reports
Source: GIS Reports
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DW NOTE
The Fed holds rates at 3.65% while the U.S. deficit runs at 6% of GDP and $1.4 trillion through June. At some point "independent" monetary policy becomes a polite fiction — central banks exist to roll the debt, and the only question is how long they pretend otherwise.