Sounds like they’re not pumping money into the economy, but into the BANKS. Banks don’t directly produce anything but debt...
Sounds like they’re not pumping money into the economy, but into the BANKS. Banks don’t directly produce anything but debt...
The Fed has a dual mandate - stable prices AND full employment. Those two goals are antithetical. How long is Congress going to let them focus on stable prices and start pressuring them to (try) to push the string to bet employment up?
The Fed has a dual mandate - stable prices AND full employment. Those two goals are often antithetical. How long is Congress going to let them focus on stable prices and start pressuring them to (try) to push the string to bet employment up?