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Has Fed policy been favoring the Democrats as of late?

No.  I have a longer Bloomberg column on that topic.  Here is an excerpt: Overall, Republican legislators are less comfortable with higher inflation than Democratic lawmakers. In other words, political constraints, to the extent they have had influence, have pushed Fed monetary policy closer to the views of many Republicans than to Democrats. That is […] The post Has Fed policy been favoring the Democrats as of late? appeared first on Marginal REVOLUTION.
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