Macro Musings with David Beckworth cover image

Kathy Jones on the Current Economic Slowdown, Quantitative Tightening, and the Fed’s New Framework

Macro Musings with David Beckworth

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Is There a Need for More Central Clearing in the Treasury Market?

The short term rates are going to be pretty much determined by where the fed wants them to be because of their activity in the rito market. Where would yields be without the fed such a heavy hand? It's anybody's guess. We've been through a lot over the last 15 years, and i suspect that when the dust settles on this whole inflation picture, we're going to see central banks tinkering a lot with some of the mechanisms in the market.

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