Economic Uncertainty and the Federal Reserve's Influence

This chapter examines the growing unpredictability in policymaking that threatens real GDP per capita growth, focusing on the implications for business earnings and interest rates. It highlights the potential risks to the Federal Reserve's independence, particularly under the Trump administration, and the concerns regarding executive oversight of financial regulation. Additionally, the discussion considers the broader economic landscape, including national debt and tariffs, and the anxiety surrounding these issues from both politicians and the public.

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