If ever there was a federal budget where so many economic imperatives seemed to converge into one – this was it, said JP Morgan chief economist Sally Auld.
For the first time in a while, fiscal policy has now shifted to a more stimulatory setting and comes at the "right time" given conventional monetary policy is losing its power.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
