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Is the Fed about to nationalise financial markets? – Sydney Morning Herald
If the world’s most powerful central bank emulates the Reserve Bank and introduces caps on bond yields, it will control both the volume and the price of money in the world’s largest economy.
Faced with a revolt by financial markets in 2018, when it briefly attempted to start unwinding the QE programs and normalising US interest rates, the Fed backed off. It cut rates again and halted its…
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