Checks and Balance: Growth states
Economist Podcasts
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Oil, Inflation, and Economic Governance
This chapter explores the profound effects of oil on energy markets and global politics, alongside the Federal Reserve's aggressive interest rate hikes aimed at curbing inflation. It reflects on historical tension between U.S. presidents and the Fed, particularly during the mid-1990s, demonstrating the intricate balance between monetary policy and political pressure. Additionally, the narrative examines how current economic policies may influence upcoming presidential elections while highlighting the challenges faced by independent institutions in a politicized environment.
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