Two important events occurred this week: the first and most obvious being the midterm elections and the second was the penultimate FOMC meeting of the year. While the two—politics and monetary policy—should be mutually exclusive, there seems to be a small, but growing risk of them becoming more intertwined than they have been in decades. In this week's Economics Weekly, we discuss the President's fiscal policy agenda and what happens when it is perceived to be colliding with the goals of the central bank.
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Richard de Chazal, CFA is a London-based macroeconomist covering the U.S. economy and financial markets.