From WSJopinion: By tiptoeing around questions concerning monetary policy, Congress has allowed the Fed to become too powerful, too prominent and too political, writes judyshel
Wonder Land: Republican presidential hopefuls Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy and maybe even Donald Trump are united on spending. All offer a much safer future than the alternative. Images: Reuters/Zuma Press Composite: Mark Kelly
Now that the debt-ceiling bill has been signed and Republicans have gained some traction on matters of fiscal solvency, their focus must turn to a new frontier: monetary policy. One of the biggest drivers of deficit spending is the cost of servicing the debt, which is largely determined by the Federal Reserve’s decisions on interest rates. The next stage of the debate should include looking at the budgetary effects of the central bank’s next move.
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