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Trump's budgets will suffer a double whammy

Fed is lifting rates and plans to start shrinking US$4.5t balance sheet - the policies will hit US federal budget
Thu, May 25, 2017 - 5:50 AM

Washington

US PRESIDENT Donald Trump won't inherit the same windfall that the Federal Reserve handed the Obama administration each year, and his budget shows he knows it.

The Fed is lifting interest rates and plans to start shrinking its US$4.5 trillion balance sheet later this...

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