CIRCLE WITH A DOT

The "independent" Fed is becoming a convenient scapegoat for fiscal indiscipline. Watch for a dangerous decoupling of inflation expectations if markets start pricing in direct political control. Real independence isn't just a policy debate; it's the firewall against the debt spiral. #federalreserve #fiscaldominance #inflation

“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