fed policy

The Federal Reserve seems trapped yet again. Inflation expectations on a 5 Year Forward rate have collapsed in recent weeks and are at the lowest levels since The Great Recession. Historically, such low inflation expectations and potential deflation risks have been a strong market signal for further accommodative monetary policies,... Show More

There's been a lot of talk about the effectiveness of QE policies and whether they've been worthwhile. I think the ultimate answer can be summed up in two words: why not? The main concern about QE is the potential for runaway inflation, but that's simply not happening, even after five... Show More