"But if politicians of all stripes continue to act as if deficits do not matter even as borrowing costs rise, they will eventually find themselves with an unpalatable choice between prolonged austerity and forcing the Fed to set monetary policy with one eye on the budget—unleashing further inflation and compromising the stability of the economy."

Read this story from "The Economist" for free without being tracked.

https://read.distractionfree.site/economist/leaders/2023/09/28/forget-the-shutdown-americas-real-fiscal-worry-is-rising-bond-yields

#economist #fiscal #bond #BidenAdministration #AMERICA’SCONGRESS #HouseRepublicans #FederalGovernment

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