Rising debt revives fears of fiscal dominance - Finance & Commerce
Rising debt revives fears of fiscal dominance - Finance & Commerce
Source: Finance & Commerce
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DW NOTE
The US has run trillion-dollar deficits in every year since 2019 while Treasury yields have doubled. The Fed holds $7 trillion in government debt on its balance sheet and cannot materially tighten without triggering a funding crisis. That's not a fear of fiscal dominance — it's the structural reality already in place.