Paul McCulley: We Are "Unambiguously" On The Verge Of A Profound Change In The Economy
Odd Lots
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Monetary Policy Challenges and Inequalities
This chapter explores the complexities of fiscal and monetary policy interplay, emphasizing the limitations of monetary policy in addressing issues like income inequality, especially in a low-interest-rate environment. It discusses the evolving role of the Federal Reserve and the necessity for cooperation between fiscal and monetary authorities in response to unprecedented challenges such as the pandemic. The conversation advocates for a proactive approach to economic management to address the pressing issues of social injustice and economic disparities.
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