Macro Musings with David Beckworth cover image

Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future

Macro Musings with David Beckworth

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Is the Relationship Between Monetary Policy and Fiscal Policy Changing?

I'm fairly confident because in all way up my reasons here on the table, the structural forces that had them low before the pandemic haven't disappeared. In fact, they're getting worse. The aging of the planet we touched on China is both shrinking this next year. They're going to start shrinking. And when that comes down, so will rates. So that's my bold prediction and I may live to regret it, but I've said it.

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