World War 2 and the Fed’s Yield Curve Control
Uncle Jim’s World of Bonds - En podcast af Jim
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The US Federal Reserve pinned the Treasury yield curve at fixed levels during WW2. This caused some dislocations once the war was won, but eventually allowed the Fed to gain independence from the Treasury. With debt levels heading to wartime amounts again is there anything to learn from the Fed’s experiences in the 40s and 50s?
