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GeneralTheorist

I can’t claim to be an expert on the Fed. But what the heck, everybody's clever nowadays. Here are some random thoughts by an outsider on the Powell speech. And

Brad Setser reminds us of the fact that EM fiscal deficits are largely being financed domestically. Which is a reminder that the macroeconomics of COVID-19 is happening in a similar

Don’t start your summer holiday too soon. Mr. Weidmann’s hour has come at last. For while markets are tuned out, decisions taken by Jens Weidmann inside the Bundesbank this weekend—perhaps