Fed Independence, Trump Reflation, and the Primacy of the Dollar
policytensor.substack.com
This is part of an ongoing conversation with Adam Tooze. There is a tension at the heart of US political economy. President Trump wants to reindustrialize America and create jobs for US workers. To that end, he has promised both big tax cuts and a huge investment program. A big fiscal shock is coming.
Fed Independence, Trump Reflation, and the Primacy of the Dollar
Fed Independence, Trump Reflation, and the…
Fed Independence, Trump Reflation, and the Primacy of the Dollar
This is part of an ongoing conversation with Adam Tooze. There is a tension at the heart of US political economy. President Trump wants to reindustrialize America and create jobs for US workers. To that end, he has promised both big tax cuts and a huge investment program. A big fiscal shock is coming.