Macro Musings with David Beckworth cover image

Derek Tang on the Present and Future Landscape for Fed Policy and Politics

Macro Musings with David Beckworth

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Is the Fed's Balance Sheet Political?

The Fed's balance sheet is very abstract for the average American, right? It's not added to the deficit. And so it's not, I think, is easy for Americans to wrap their minds around it. Andy Levin and Bill Nelson have a policy briefly written for us that does make this point. But I just wonder how easy it gets across to the public.

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