Macro Musings with David Beckworth cover image

David Wilcox on the Debt Ceiling Crisis and the Crippling Costs of Default

Macro Musings with David Beckworth

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The Fed's in a Hard Place

The Fed's in a hard place because it has a dueling tension as well. It has a mandate to preserve financial stability and something this severe would motivate the Fed to step in. But at the same time, it doesn't want to say it will do that and then take the pressure off the political parties,. David Frum: The analogy is really very seriously flawed.

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