#inflation-policy

[ follow ]
#us-national-debt #debt-to-gdp #fiscal-consolidation #federal-reserve #mortgage-backed-securities
US politics
fromFortune
2 weeks ago

America's path out of $38 trillion national debt crisis likely involves pushing up inflation and 'eroding Fed independence,' says JPMorgan Private Bank | Fortune

U.S. debt stands at $38.15 trillion and a roughly 120% debt-to-GDP ratio forces choices: boost GDP, cut spending, or tolerate higher inflation to shrink the real debt burden.
fromSFGATE
1 month ago

Fed Chair Powell Dismisses Direct Action on Mortgage Rates

Federal Reserve Chair Jerome Powell recently addressed the National Association for Business Economics conference, indicating that the central bank would not intervene in secondary mortgage markets to ease mortgage rates, contrary to some suggestions for boosting homebuyer affordability. The discussion revolved around the Fed's efforts to reduce its significant holdings of securities, notably mortgage-backed securities (MBS), accumulated during the COVID-19 pandemic through quantitative easing measures.
US news
[ Load more ]