Banking Turmoil Continues to Create Uncertainty
Bloomberg Businessweek
00:00
The Fed's Failure to Talk to Congress About the Low Rate Environment
The biggest problem with the Fed today is hubris. They have to realize that they are not allowed to make certain decisions. When they don't have any answer or if policy is tied their hands in some ways, they need to go back to Capitol Hill and get some guidance. What they've done at a bond market, frankly, is almost bordering on the criminal because it'll take generations to fix this.
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