Better data key to efficient functioning of fixed income markets: Fed’s Powell | Forex Factory

  • Better data key to efficient functioning of fixed income markets: Fed’s Powell

    From ftseglobalmarkets.com

    “It may be that liquidity has deteriorated only in certain market segments. It may also be that, even if liquidity is adequate in normal conditions, it has become more fragile, or prone to disappearing under stress,” US Federal Reserve governor Jerome Powell told the Senate subcommittee on Securities, Insurance and Investment; the subcommittee on economy policy and the committee on banking, housing and urban affairs today. Powell said the sharp swing in Treasury prices that took place on October 15th2014, led the Federal Reserve Board, in conjunction with the Treasury Department, the Commodity Futures Trading ... (full story)

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sidhujag
Apr 14, 2016 2:00pm
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All you gotta do is tie the supply of the currency to a real metric that is publically auditable... it wasn't possible before but there already exists "ideal money" in John Nash's words where we can have a GDP like metric driving supply which affects inflation. This now exists and market will gravitation towards it whether you like it or not, just a matter of the Fed realizing this before too much headache, but looks like they will go down crumbling like Romans.
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