Former US Treasury Secretary Summers: The impact of US debt accumulation on interest rates: The Federal Reserve will have to intervene
六月清晨搅
发表于 2023-10-21 10:09:55
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Former US Treasury Secretary Summers stated that at some point, the Federal Reserve will have to intervene in the US government's continuously accumulating debt, as it has an impact on interest rates. Summers stated that, I understand that the Federal Reserve's job is not to interfere with fiscal policy, but I believe that over time, as the decision-maker of national monetary policy, the Federal Reserve will have to be involved in some of the issues related to Treasury debt. "Summers said," If debt increases and deficits rise, it means more demand in the economy. This will raise current neutral interest rates and further increase future expected neutral interest rates
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