Red or Blue Pill? Bonds say Powell will opt for Blue [Eurodollar University, Ep. 168]

Eurodollar University · Nov 28, 2021 · 59m

PART 01: Jay Powell has been nominated by President Biden to serve another term as the Federal Reserve chair. Though his nomination has not even been heard by the US Congress, another group of people has already passed judgement on the second term: the bond market (and they say it'll be a failure!).

PART 02: The Federal Reserve, and other central banks, buy tremendous amounts of government securities and this should impact bond prices. Should, but doesn't. That's because there's an even more powerful force than the Fed, the bond market itself. We review the 2007-19 evidence.

PART 03: The…