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Fed’s Waller says the central bank isn’t keeping rates low to finance government debt

March 29, 2021


The Federal Reserve is not keeping monetary policy easy so the government can continue running up debts and deficits, Fed Governor Christopher Waller said Monday.

Defending the Fed’s independence from the fiscal authorities in Congress, Waller rejected notions that the central bank is holding borrowing costs low to help service the debt, nor is it conducting asset purchases to finance the debt-laden federal government.

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