NY Fed blog post points to fiscal implications of Fed policies
The implications of the US Federal Reserve's policies for government finances are much broader than the direct influence that remittances from the Fed's earnings have on government finances, a post on the Federal Reserve Bank of New York's ‘Liberty Street' blog notes.
The authors – Marco Del Negro, assistant vice-president of the bank's research and statistics group; Jamie McAndrews, director of research; and Julie Remache, vice-president of the markets group – also point out that monetary
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