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Nicholas SargenThe Hill |
The U.S. Treasury is mainly concerned about a weak yen boosting Treasury yields, and it has shown little regard for the European Central Bank.
The goal should be to keep inflation near the Fed’s 2 percent target and to pursue policies that support growth of household income.
U.S. households and firms overwhelmingly bear the burden of tariffs.
It remains to be seen whether investors will remain upbeat amid widespread criticism of the deal.
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