Monday September 21, 2020

Is it time for a ‘fiscal Fed’?

With several economic storms in the offing, the US should consider depoliticising the Federal Reserve and granting it greater autonomous powers

28th July, 2019
Fed faces rate cut risks. Pic: Getty

Like storm clouds on the horizon, signs of a global economic slowdown are gathering ominously. In the US, the sugar high generated by president Donald Trump’s massive 2017 tax cut has peaked and is now rapidly waning, without triggering the promised investment boom. In Europe, the ongoing Brexit farce threatens severe economic disruption, even chaos, if Britain cannot conclude a deal with the European Union before withdrawing from the bloc at the end of October....

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