Normalizing Monetary Policy. Martin Feldstein, Spring/Summer 2018, Opinion, "The current focus of Federal Reserve policy is on “normalization” of monetary policy—that is, on increasing short-term interest rates and shrinking the size of the Fed’s balance sheet. Short-term interest rates are exceptionally low, and the Fed’s balance sheet has exploded from $800 billion in 2008 to $4.4 trillion now."
I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat
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