
The dangers of fiscal dominance
Marketplace
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Fiscal Dominance and Economic Implications
This chapter explores the concept of fiscal dominance, highlighting how government needs for lower interest rates can influence Federal Reserve policies. It examines the potential impacts of upcoming interest rate decisions and a trade deal with Japan on U.S. economic stability, while also discussing the intricacies of tax laws affecting workers, particularly in the service industry. The narrative scrutinizes how these factors interplay and their implications for workers’ earnings and overall economic dynamics.
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