Fed's Powell: Current size of Fed's balance sheet not a limit to buying bonds in the future
The current size of Fed's balance sheet not a limit to buying bonds in the future.
Median and lower U.S. incomes have stagnated in a troubling way.
Trends in technology, globalization and education are behind stagnant U.S. incomes.
Government debt will mean more spending on interest rather than more important public interests.
USD's role as the World's reserve currency reduces spending on interest now.
Debt is being used for current consumption and passing the bill to future generations.
Fed has the tools it needs but it needs supportive fiscal policy in a downturn.
10 Jul 19 (Wed)
03:48 pm
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