Federal Reserve Chair Janet Yellen returns to the most-watched economic confab of the year — the symposium in Jackson Hole, Wyoming — after missing last year’s, and all ears will be listening for a hint at monetary policy for the rest of the year.
Fed Chair Janet Yellen says she doesn’t see a need for U.S. monetary policy to shy away from the status quo.
The introduction of new predators into an existing ecosystem wreaks havoc. That may be the case with today’s Treasury market. With the introduction of a mammoth bond buyer in the form of the Federal Reserve conducting Operation Twist, the natural habitat of the bond market has been altered. When there is a great demand for