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Fed Minutes Suggest Willingness To Hike If Inflation Not Tamed
"Most participants" at 2026's first FOMC meeting judged that inflation in the US is still on track t
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Recall that in the 1940’s/early 1950’s that the Federal Reserve assisted the US Treasury to cap long term rates?
I’ve been seeing more articles recently that recap that era.
I’ll take the bait. Yield curve control reduced federal borrowing costs, at the cost of high inflation (17.6% 6/46-6/47, 9.5% 6/47-6/48, 21% by 2/51 according to the Fed History article “The Treasury-Fed Accord”).
Miran scaled back his 150 bp cut rhetoric to 100 bp, I’m reading?