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What are the Politics of a Fed Pivot? | Nick Timiraos
Hidden Forces
The Inevitability of Yield Curve Control
There were some people talking about yield caps as a idea before the pandemic. The Reserve Bank of Australia actually did this and it was very messy for them to exit. There was already a fair bit of skepticism at the Fed around negative rates. And you know, I think the question you're getting at is more the debts unsustainable if you're going to have to monetize it at some point.
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