Are we about to see a showdown between Congress and the Fed?
Share Now on:
The Federal Reserve Bank’s message for a while now has been, broadly speaking, “the economy’s doing pretty well.” The central bank has also said it’s time to phase out the extraordinary support that it put in place during the financial crisis, like ultra-low interest rates. As the unemployment rate has dropped, there are real worries prices will rise. But now, it looks like the GOP tax plan may bring some hefty tax cuts, though the details are TBA. That could drive spending. Are fiscal and tax policy at war?
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.