Powell’s successor may push short-term bond yields down, but long-term yields are beyond Fed control. Inflation worries, debt over-issuance and other factors could keep 10-year yields elevated. Intervention at the long-end of the yield curve would distort risk pricing and could boomerang.
The US Fed can't reduce long-term bond yields and the use of force will cause more problems than it solves
📅 Published: December 17, 2025 |
📂 Category: Uncategorized
