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The Fed does not have the mandate to do what is convenient for the budget. That's not their problem. Obviously this is naive and I'm sure the Fed is under all k
by solveit 4y ago
The Fed does not have the mandate to do what is convenient for the budget. That's not their problem. Obviously this is naive and I'm sure the Fed is under all kinds of pressure, but the Fed is supposed to kill inflation by raising rates to whatever it takes, as long as they don't kill jobs at the same time. The government is supposed to figure something out themselves.