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The Fed's Work in Tightening Financial Conditions
The fed has made financial conditions, the third mandate ant went back t bernanke. Bernanke said ce was meant to ease financial conditions. That was a direct intent of the no outside of o eight, o nine. But c e two, three was specifically meant to raise asse yer treasury,. in the last 12 months, went from 15 basis points to a hundred and 15 basis points. And we're beginning to see some inklings inflation. Iat facein book crush ind 25 % on the debt. What's the economic impact of that? If your employee at facebook and your options are now partly out of te money, were an lambea this year? Aha