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Nor would higher borrowing help.
Higher borrowing costs, Mr. Miller said.
Higher borrowing costs choke off inflationary pressure.
"Higher borrowing costs will go up disproportionately for riskier investments".
That makes them more exposed to higher borrowing costs.
A lower credit rating can mean higher borrowing costs.
But higher borrowing rates won't help the fragile recovery.
Higher borrowing costs will not help the firm.
If that happens, the bank could have higher borrowing costs.
And, if sustained, would ultimately lead to higher borrowing costs for ordinary U.S. households and businesses.
Slower growth means higher borrowing to cover a bigger budget deficit.
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