Why Are Traditional Investors So Hungry for Yield Curve Control?
When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily.
Federal Open Market Committee (FOMC)
Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.
The question is whether Powell will allow bond yields to keep rising or if the Fed will step in to ward off any unwanted market reaction.
Federal Reserve Officials Raise 2021 Inflation Projection, Powell Addresses Asset Purchases
Jun 16, 2021
This was a significant increase from the 2.4% officials were predicting in March.
Fed Chair Powell: ‘We’d Welcome Higher Inflation’
Jan 27, 2021
The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.
The U.S. central bank said interest rates will remain close to zero.
Federal Open Market Committee (FOMC)
