Hlib Chabaniuk

Fed can only constrain deficits through rate hikes, Mike Shedlock argues

Fed can only constrain deficits through rate hikes, Mike Shedlock argues
Fed rate hikes only tool for deficit

Mike Shedlock, author / blogger at MishTalk, discusses responsibility for the U.S. deficit and debt, emphasizing that Congress is fundamentally accountable for persistent deficits and rising debt levels.

He asserts that the Federal Reserve has a single method to counteract this—rate hikes—while criticizing opposition to such measures.

Shedlock previously noted that Bitcoin remains in a downward trend, with little change since March. He has also commented on uncertainty regarding the location of Iran’s frozen assets, suggesting most are likely held in China. His recent comments continue a pattern of closely tracking fiscal and market developments.

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