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by Yeahsureok 1150 days ago
Congress has no electoral mandate to lower inflation, that's not their job.

Using fiscal policy for inflation targeting is crude and horrendously slow.

1 comments

They have a mandate to do sensible things. And a massive 2nd round of additional fiscal stimulus was not sensible.

Additionally, fiscal policy is little slower or more crude than monetary levers. They could be part of the solution.

But putting on the breaks is not going to get them elected.

So we have the Fed who get to be the bad guys.