What the Fed Is Missing

A complement to my recent post on the signal brought by an inverted yield curve on the economic activity.

The Federal Reserve isn’t worried about the yield curve, and it has reason why. The problem: It is pretty much the same reason it wasn’t worried about the yield curve before the financial crisis.
— Read it here www.wsj.com/articles/what-the-fed-is-missing-again-1532268000

One thought on “What the Fed Is Missing

  1. Pingback: The Fed’s strategy, the dollar and the emerging markets | Philippe Waechter's blog

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