Anas Alhajji points to a historical precedent: the Federal Reserve capped long-term Treasury yields at 2.5% from 1942 to 1951 to help finance the war. By 1951, inflation was rising sharply and the policy ended in an accord.
published
Anas Alhajji points to a historical precedent: the Federal Reserve capped long-term Treasury yields at 2.5% from 1942 to 1951 to help finance the war. By 1951, inflation was rising sharply and the policy ended in an accord.
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