Sunday, July 13, 2025

Fiscal Dominance and Financial Repression

Investors beware: Fiscal dominance and financial repression ahead by VIVEKANAND JAYAKUMAR, The Hill - 07/13/25
https://thehill.com/opinion/finance/5397963-fed-keeping-rates-low-trump-administration/

Related:
Carmen Reinhart
https://www.richmondfed.org/publications/research/econ_focus/2025/q3_interview
On twin financial and currency crises, the future of the dollar, and sovereign debt

Trump May End Up Sorry He Tried to Control the Fed
https://www.wsj.com/opinion/trump-may-end-up-sorry-he-tried-to-control-the-fed-852b0dc5
Presidents struggled with monetary policy even before the central bank’s formal independence.
 
About That Tariff Budget Surplus
https://www.wsj.com/opinion/donald-trump-tariff-revenue-scott-bessent-federal-budget-deficit-04d771fd
Tariff income won’t come close to balancing the federal fisc.