AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Fed's Control of the Euro-Dollar Rate
The euro-dollar rate as well as the long end of the US treasury curve, you know, outside of the control of the Federal Reserve. The Fed has less control about that because it's less about the path of policy. A lot of it has to do with supply and demand. If you structurally have a view of secular inflation, maybe that impacts it as well.