Macro Musings with David Beckworth
The New Bazaar
Is the Relationship Between Monetary Policy and Fiscal Policy Changing?
David Frum: I think we wouldn't have escaped a zero lower bound without the large fiscal policy support. There's still an understanding that the Fed says the price level target or the inflation target, but he thinks behind the scenes, very strongly. "I definitely bought into the story of the AI and the story of our new ways of working," Frum said.
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