Joey Politano on Fed Policy, Inflation, and the Current State of the US Economy
Macro Musings with David Beckworth
00:00
The Fiscal Injection Didn't Work Within a Short Period, Right?
Some observers will say, well, what we really need to get to the other side of this is for households to kind of spend all that down or get it into more sustainable levels. I think a lot of that has gone through the system and if you even just look at like the deficit in the United States, that's shrunk pretty dramatically over the last year or so. So if you're thinking about like, what's the fiscal impulse, it's definitely tightening. Okay. Let me push back this a little bit on the notion that fiscal policy has completely kind of went through the system. And I may be wrong on this, but what about all the excess liquidity sitting in like household checking
Transcript
Play full episode
