Sita Nataraj Slavov | Peter G. Peterson Foundation
Sita Nataraj Slavov considers the impact of the current macroeconomic environment on fiscal policy, the federal debt, and individual well-being.
Steven B. Kamin | International Economy Magazine
The US financial system faces two critical risks: The first is that the Federal Reserve will be forced to sharply tighten monetary policy in response to continued elevated inflation, and the second is that it won’t. Given the current state of the financial system, the US seemingly faces a choice between a financial crash soon or a financial crash later. But there is a middle way. Assuming inflation and output evolve as currently expected, Steven B. Kamin says, the Federal Reserve should plan on taking the policy rate back to neutrality within the next two years.