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The yield curve's still weird. Fed's Bullard is okay with that
It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases. As 2020 gets under way, the closely watched spreads between long- and short-term Treasury securities still don’t look completely healthy. But with months of market turbulence and three rate cuts now in the rear view mirror, Bullard says he is ready to stand down, leave policy on hold for up to a year, and see what transpires. “We eased ... (full story)