by Mike ‘Mish’ Shedlock
The Fed is tired of fighting the markets and using QE to force interest rates where it wants. Instead, it will follow the path of the Bank of Japan.
Price Fix is In
A Wall Street Journal editorial note the Jerome Powell Price-Fix Is In.
The latest idea whose time has come and gone and come again is yield-curve control, which is shaping up to be one of the Federal Reserve’s next party tricks. This tool would involve the Fed setting interest rates by diktat for the first time in 70 years, and Governors are warming to the idea.