The Debt Limit, Labor Markets, and the Prospects for Fed Tapering
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The Debt Limit, Labor Markets, and the Prospects for Fed Tapering
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Today is the 150th anniversary of the Chicago Fire, and Congress almost burned down the U.S. economy with the recent debt limit crisis. With the Senate voting to raise the limit, the current crisis has been averted, but only temporarily. The labor market recovers fitfully, and supply chain disruptions increase the likelihood of a short bout of “stagflation-lite.” The Fed is still on track to announce tapering in November.
Show Notes:
- Investing in the Age of Financial Repression
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