Kevin Warsh calls for a new Fed–Treasury accord, reviving debate over coordination in the $30T US bond market.
Critics warn it could resemble yield curve control and explicitly tie monetary policy to deficit financing, raising concerns over Fed independence.
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BIG PRINT AND YIELD CURVE CONTROL INCOMING?
Kevin Warsh calls for a new Fed–Treasury accord, reviving debate over coordination in the $30T US bond market.
Critics warn it could resemble yield curve control and explicitly tie monetary policy to deficit financing, raising concerns over Fed independence.