Wednesday, April 28, 2021

Biden admin increasing economic policy coordination

 

Here:




Coordination of fiscal support for recovery and corporate tax policy coordination I don’t see how they can leave out interest rate policy and (to them) associated exchange rates...  post Trump how can the Fed raise rates and disadvantage US MAGA firms with a higher cost of capital and (to them) stronger USD when competing firms in Japan and EZ continue to have zero rates and (to them) weaker currencies .... imo post Trump it’s not going to happen... and Trump doesn’t even have his platform operational yet...

Powell Fed politicized by Trump and not primarily run by academic economists who have higher allegiance to some crack pot Monetarist theory than they do their own nation...







2 comments:

lastgreek said...

"Trump doesn’t even have his platform operational yet..."

One more epic failure to add to his long list of... epic failures.

But that's OK because he has a remedy for his sure-to-fail business ventures: other peoples' money ;)

Matt Franko said...

It’ll be worth $25b on day one....