Corporate News
Discussion of the Fed and Treasury（1）
Washington has a debt problem and — more unusually — a plan for it. Strip away the theater of the past few months, a Fed chair delivering the most hawkish Jackson Hole speech in a generation and a Treasury secretary hinting at bond-market surprises on television, and what remains is a reasonably coherent strategy for managing a debt stock that grows by six and a half percent of GDP a year. The plan has two paths, and the administration is not choosing between them. It is running both at once.…
