fed speech, 2023-08-26
Fiscal policy could be a big help if the government deficit were to fall in 2023 relative to 2022 and in 2024 relative to 2023 - see, for example, Cochrane (2023) and my notes from Jackson Hole last year (Michl, 2022b, 2022c, 2022d).
Sentiment: neutral
Topic: fiscal_policy