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Mortgage rates at 18%? That’s what we got the last time a president strong-armed the Fed

Sep 23, 2019By

The National Bureau of Economic Research has weighed in one of the most chilling questions to arise in decades on the usually dry topic of monetary policy: If a U.S. president tries to strong-arm the Fed with public name-calling and derision on Twitter, can it work? The answer, according to NBER, is yes.

3d rendering of a row of luxury townhouses along a street

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