The Next Fed Chair Will Not Set Long-Term Rates Free

Posted by on June 16th 2017 in Uncategorized | Be the first to comment!

By Brendan Brown By: Brendan BrownIt is so long since the long-term interest rate market was free of Fed intervention that the meaning of freedom has become deeply blurred. Many commentators suggest that the much talked about multi-year program designed by the Yellen-Fischer Fed to reduce that institution’s balance sheet is in fact synonymous with the road back to freedom for long-term rates. That is just not so.And no candidate apparently on the Trump short list for all those empty or soon to be empty seats on the Fed board (including the chair and vice-chair) is advocating an alternative normalization course which would …read more

Source:: Mises Daily

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