The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
Subscribe to the Flinchum File
View Archives

Ying/Yang Fiscal Policy

For those who like to see a conspiracy behind every tree, here is a fresh one . . .

So, assume President Biden wants increased spending, but that causes more inflation.

Further, assume Fed Head Jerome Powell wants less inflation and drives up interest costs to slow inflation.

Is it possible they floated down the Snake River in Jackson Hole this week and conspired that Powell would keep raising interest rates to disguise the inflation from Biden’s increased spending?