The Treasury's Blindsided by the Fed Pause

The Treasury was blindsided by this. The central planners are ignorant. It doesn't matter what they plan, they're going to fail. This is just an example of how these central planners didn't see it coming. I don't know why people think that there's this huge central planning conspiracy to dominate the world and Yellen YellenYellen. Maybe there is, but that doesn't matter because they're inept. They can't change the laws of physics. They can’t change human nature. And in some cases, outflows have modestly reversed. Still, the behind the scenes deliberation shows there are concerns in Washington's corridors of power as mid-sized banks call