Is the Fed Getting Its Act Together?

There's been a lot of fiscal dominance talk, and many of the same people telling us to worry about fiscal dominance have also said the fed needs to get its act together. It struck me as like both the fed's able to tighten, and there isn't fiscal minence yett. If fiscal domininc was really here, we wouldn't have the fed been able to do what it does. So there's a lot of interesting questions going on. And again, i think it's fascinating to try to wrestle with this.

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