Fed Chair Powell and the New Rules of Monetary Policy
Mercatus Policy Download
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The Fed Set a Path for Interest Rates That Ends in a Recession
The Fed has signaled they're going to have enough rate hikes that by the end of 2019, Fed funds rate should be between three and three and a quarter percent. So what we see is an inverted yield curve if this comes to fruition similarly to this tension created by the longer and natural rate and the short run rate. But he obviously couldn't, it was kind of odd because they're not saying that yet, but he was hinting that he would put less weight on that part of their forecast.
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