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The Federal Reserve Could Open The Door On Yield Curve Control
The COVID-19 pandemic led the Federal Reserve to slash interest rates to the zero lower bound (ZLB), provide support to the repo market, and purchase treasuries and corporate bonds, among other tools it has utilized. While the response of the Fed has helped shore up liquidity in the financial markets, it may need to do more as the second wave in the U.S. has led many states to close their economies. This week the FOMC will convene. While the FOMC isn't expected to make any significant changes to its policy, the meeting may shed light as to whether the Fed is open to implementing other tools it has yet to use, such as ... (full story)
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The elites think we are stupid. They are in the main quite correct.