Wall Street Silver on Nostr: The national debt and govt budget deficits are going to start driving Fed policy. ...
The national debt and govt budget deficits are going to start driving Fed policy.
With $35 trillion in debt and 5% rates, the interest on the debt is skyrocketing. It now consumers nearly 30% of all govt revenue.
The US govt needs the Fed to drives rates down so interest on the debt decline. Congress and the President will begin to apply pressure on the Fed to force rates down.
Published at
2024-07-29 07:15:58Event JSON
{
"id": "10ddecad009610f90e142f2c7e11a706fce6071151949dae19b9883cbe609009",
"pubkey": "0af9a4324241b88be1efc365ccad244115184999daf6f0f0892328f9019c7c89",
"created_at": 1722237358,
"kind": 1,
"tags": [
[
"proxy",
"https://bird.makeup/users/wallstreetsilv/statuses/1817821351358443711",
"activitypub"
]
],
"content": "The national debt and govt budget deficits are going to start driving Fed policy.\n\nWith $35 trillion in debt and 5% rates, the interest on the debt is skyrocketing. It now consumers nearly 30% of all govt revenue.\n\nThe US govt needs the Fed to drives rates down so interest on the debt decline. Congress and the President will begin to apply pressure on the Fed to force rates down.\n\nhttps://pbs.twimg.com/media/GToyYBwWMAAfann.jpg",
"sig": "fa551d824eb9d7de8087e21146fdcf095634f4830b2849dd222801c5db916c27eb31377b61d17704c98508c34c7cc6ab7b1e03d833562fcbc80b70e20ba9f25e"
}
