CRFB is urging the White House not to undercut its ability to temper price pressures with other policies that could quietly add to government debt — and in turn push up inflation.
In the contemporary Fed view, the primary monetary policy transmission mechanism works through market expectations of the path of short-term policy rates. Read more.
The late-nineties U.S. “tech” Bubble was financed, at the margin, by high-yield debt (telecom, in particular), speculative hedge fund levered finance, and GSE liquidity. Read more.