3min chapter

Odd Lots cover image

JPMorgan's Josh Younger on Rate Derivatives and Volatility Ahead of the Election

Odd Lots

CHAPTER

Are We Setting Ourself Up for Fiscal Dominance De Facto?

The Fed is clearly not tied their purchase program to fiscal policy. But they've also be very firmly committed themselves to market functioning. And so it brings up broader questions of fiscal dominance meaning what is the role of the Fed in an environment where the debt is expanding that quickly.

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