17min chapter

Forward Guidance cover image

Luke Gromen: Panic In The Bond Market Will Continue Unless Oil Or Dollar Relent

Forward Guidance

CHAPTER

The Brokenness of Banks and Treasury Market Problem

The chapter explores the brokenness of the banks and the treasury market problem. It discusses the Fed's intervention to control the yield curve, debates the effectiveness of monetary policy, and questions whether Powell made the right choice in saving the banks.

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