More credit for recent inflation reduction should go to fiscal contraction (spending winddown), energy supply improvements (SPR drawdown, China/Iran sales), and geopolitical factors (Russia/Ukraine normalization) rather than Federal Reserve tightening, though Fed tightening has slowed the economy and provided some brake on inflation.

factualpending

Speaker

Lynn Alden

Evidence Quote

I would give more credit to the fiscal environment as you've seen a fiscal contraction

Source

Lyn Alden: Money Is ‘Broken’, Markets Face ‘Rerating’ RisksDavid Lin
Created: 8/12/2026, 10:26:01 PM

My Notes

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