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What the Fed’s Rate Decision Will Mean for Markets | Andy Constan

Hidden Forces

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The Role of Fiscal Stimulus in Inflation

In 2008, interest rates and tightening credit conditions played a bigger role because of all the adjustable rate mortgages. Today, a big part of where we are today is because of the fiscal stimulus and the credit guarantees by the government of bank loans. And so I basically think the inflation that we're seeing now is due to fiscal stimulus, not the monetary conditions.

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