“The nuclear scenario is ... the reappointment of the reserve bank presidents and interfering with that, (which) would be the signal that things are truly going off the rails," said Adam Posen, president of the Peterson Institute for International Economics.
Looking at what it could mean for the Fed to lose its independence
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“We have an unreliable budget process and an inability to raise taxes, which contributes to inflation and volatility,” Posen said in an email.
Biden's burdens grow: Sagging global economy adds to U.S. woes
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