Federal Reserve Board members have historically often resigned before completing their full terms.

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• A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. RDRay Dalio21 Aug 2026interest ratesgovernment
• A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. OBOlivier Blanchard1 Jun 2022interest ratesgovernment
• Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. OBOlivier Blanchard1 Jun 2022interest ratesgovernment
• Ceding control of the Fed's balance sheet to the Treasury so it can keep interest rates low for more government borrowing would be a real inflation risk. CSClaudia Sahm17 Aug 2026interest ratesgovernment
• Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. OBOlivier Blanchard1 Jun 2022interest ratesgovernment

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