Reality Comes to Washington: The Fed is Not Omnipotent
Former Global Chief Economist for JPMorgan Chase (Ph.D. in Economics) & Current BrightQuery Chief Economist
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In a widely covered media interview, U.S. Treasury Secretary Scott Bessent mentioned that he is not focused on reducing the Fed’s policy tool, particularly the federal funds rate. Instead, he would prefer to see the 10-year Treasury yield fall, a…
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