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24min chapter
Faucher on the Fed and Fiscal Policy
Moody's Talks - Inside Economics
Monetary Policy and Equilibrium Rate Analysis
This chapter explores the responsible extension of credit by banks during the pandemic, the potential for future rate cuts to support economic growth, and the uncertainty surrounding the equilibrium rate of the federal funds rate. Discussions revolve around the impact of factors like post-pandemic productivity effects, immigration surges, and adjustments in household liabilities on the equilibrium interest rate and inflation targeting.
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