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Dan Byler and Dan Henebery: Who Controls The Fastest-Growing Portion Of The Federal Budget? Not Congress
It may sound strange, but in the next ten years the Federal Reserve could control a large amount of U.S. fiscal policy.
By design, Congress sets fiscal policy and the Federal Reserve sets monetary policy, so that each complements the other without directly influencing it. Coordination between the two entities ensures both policies are working
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Posted: July 15, 2015 Wednesday 02:07 PM