Question
1.Watch the following video:https://www.youtube.com/watch?v=ScAeHsXIUqI. This is a unique time in US history in that the White House (Democrat), Capital Hill (Democrat), and the Fed (very
1.Watch the following video:https://www.youtube.com/watch?v=ScAeHsXIUqI. This is a unique time in US history in that the White House (Democrat), Capital Hill (Democrat), and the Fed (very dovish and supporting the ruling party) are all united. Hence, public money (a mix of monetary and fiscal policy) has been spent like no other time in history. Besides the Fed is not too concerned about inflation because they believe that companies are not is an optimal position for price/cost pass-through. What that this mean? What are the fed objectives? What does it mean the dual mandate? Should the Fed start increasing interest rates? Will the US government be able to honor the public debt?
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