UBS On-Air: Paul Donovan Daily Audio 'Scapegoating the Federal Reserve'
UBS On-Air: Market Moves
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The Scapegoat Economics of Federal Policy
This chapter examines the controversial dismissal of a Federal Reserve Governor by the US President and its impact on the Fed's independence. It explores the concept of 'scapegoat economics,' illustrating how economic challenges are simplified and misattributed to specific targets, with significant implications for public perception and markets.
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