The Fed Won't Come To The Rescue Anytime Soon | George Goncalves
Inflection Point
00:00
The Inflation Problem and the Fiscal Policymakers
Bond strategist George Hagan: Can the Fed be successful if fiscal policymakers seem to still be on the spending or path because that seems like that's making his job harder. If we're going to really see like just nonstop deficit spending, it's going to result in slower economy over time and we can't afford high rates like this. He says somebody has to buy all that debt and it cannot just be the Fed and it will have to be from the private sector. The bond market will step in and say, you know, the government spending too much is resulting in higher rates.
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