Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation
Macro Musings with David Beckworth
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The Intricacies of Inflation and Interest Rates
This chapter explores the complexities of predicting inflation and interest rates in light of current economic conditions and historical trends. The discussion highlights how fiscal policy decisions, government debt, and the dynamics of the treasury market influence inflation expectations and monetary policy. With historical examples as cautionary tales, the chapter underscores the critical need for a balanced budget approach to stabilize economic conditions and maintain the independence of central banks.
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