US Federal Reserve
Is there a Fed put influencing US corporate credit markets?
Recent market volatility has been driven by speculation about what the Fed will do next.
Have the Fed's and ECB's purchases of corporate bonds permanently altered the pricing of corporate credit risk?
The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.
Recession is now a virtual inevitability.
“This is a time of testing -- a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” -- Paul Volcker
Clients have concerns about inflation. Here are a few tips to approach these conversations.
"Wall Street wisdom is that QE is immensely powerful and is stoking financial bubbles. Academics say, 'I take your $100 bills, I give you back 10 $10 bills. Who cares?'"
“The first lesson is that central banks can and should take responsibility for delivering low and stable inflation,”
The inflation storm may have passed. But don't bet on it.