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Fiscal policy is the use of government spending and taxation to influence the economy. The Federal Reserve does not set fiscal policy, but it's important for us to understand its effects.

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Blog Post
May 13, 2025

Understanding how government spending contributes to measurements of Gross Domestic Product (GDP) can be helpful when looking at its impact on the overall economy.

John O'Trakoun
Senior Policy Economist

Article
First/Second Quarter 2025

University of California, Berkeley economist Alan Auerbach discusses the federal debt, the Social Security trust fund, and how Uncle Sam discourages seniors from working.

David A. Price