Surveillance: Zentner's Fed call
Bloomberg Surveillance
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The Unknown, Unknown
The public's view on inflation could be enough. The bond market is the compound the beat in this sense that it disciplines the fiscal authorities to say no, you can't do that anymore. And so any yield rise from here, that Gammah, the vial-a-vial if you will, would be arrested by the bond market disciplining politicians and the monetary authoritiesto avoid doing the things that could be a problem.
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