“You risk the golden path if you are… as restrictive as we are now”
Would a significant reduction in government borrowing/spending leading to a possible deficit reduction not presage a reduction of interest rates? It's not only about the Fed. Fiscal spending doth have an impact in interest rates, no?
Would a significant reduction in government borrowing/spending leading to a possible deficit reduction not presage a reduction of interest rates? It's not only about the Fed. Fiscal spending doth have an impact in interest rates, no?