Pulling out all the stops to keep Treasury yields in check. With midterms approaching, few in Washington are eager to find out what an unconstrained bond market would do. Warsh's moment of truth has arrived.
Jesse Felder”The Fed is very cautious when it comes to doing things that look like they’re veering into foreign policy or fiscal policy. The coordinated intervention does seem to be a very political project by the admin. and the question is: Is it the Fed’s role to enable that?“ www.wsj.com/economy/cent...