September 26, 2018

The Fed's Floor System: Sayonara?

David Beckworth

Senior Research Fellow

Are the days of the Fed's floor system numbered? Last month, I claimed that they could be if President Trump's fiscal policy continues to spawn rapid increases in the issuance of Treasury bills. His administration is relying heavily on Treasury bills to finance its deficits...

Continue reading: The Fed's Floor System: Sayonara?