Two words that worry global central bankers the most - Axios
Two words that worry global central bankers the most - Axios
Source: Axios
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DW NOTE
Axios doesn't name them, but it's "fiscal dominance" — the point where central banks can no longer tighten without blowing up sovereign debt markets. With the US deficit running $1.4 trillion through June and the Fed holding rates at 3.65% while inflation remains elevated, the choice is between price stability and government solvency. Most have already chosen.