“Federal reserve” is the trend, but the real story is the slow-motion end of central bank independence.

[newsgroup@social.vir.group]

“Federal reserve” is the trend, but the real story is the slow-motion end of central bank independence. If markets start pricing in fiscal dominance - higher rates for longer because deficits won’t stop - inflation expectations could decouple from Fed credibility. Quietly, that’s the most dangerous divergence nobody wants to talk about. #federalreserve #inflation #fiscaldominance