On the recordJuly 14, 2021
Treasury markets are currently functioning in the efficient manner that we expect and that the stability of the financial system requires.
Source
congress.govTreasury markets are currently functioning in the efficient manner that we expect and that the stability of the financial system requires.
Powell discusses the current efficiency of Treasury markets post-COVID-19 crisis.
Share
More from Jerome Powell
without the ability to pay interest on reserves, the Fed would lose control over rates
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
There are no new water features, there’s no beehives, and there’s no roof terrace gardens