Concerns about Fiscal Policy and the Federal Reserve

In this chapter, the speakers express their concern about the bond market and discuss the role of the Federal Reserve in the current economic situation. They redirect their anger towards fiscal policy and emphasize the need to focus on what has happened over the past 40 years. They believe that the movement in rates is not solely based on inflation, but rather a result of fiscal policies. They also discuss the Federal Reserve's attempt to offset poor fiscal policy with monetary policy and express their belief that the Fed should have stayed in their lane.

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