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Interest on the Debt Will Make Things Interesting
Interest on the Debt Will Make Things Interesting The San Francisco Examiner Ralph Benko
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Monetary policy deserves insulation from politics, but regulation and emergency lending powers may not. Can Congress and the Courts differentiate?
Political pressure has made it harder to distinguish sound monetary policy from strategic posturing. Congress, not SCOTUS, is empowered to change that.
Traders expect the Fed's new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.
