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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (4333)	1/4/2004 12:15:37 AM
From: mishedlo	Read Replies (3) \| Respond to of 110194

No comment on this by Bernake? Control of the federal funds rate is therefore useful only to the extent that it can be used as a lever to influence more important asset prices and yields--stock prices, government and corporate bond yields, mortgage rates--which in turn allow the Fed to affect the overall course of the economy. More proof, if any was required, that the Fed is deliberately manipulating the Markets ..... instead of setting policy in response to the needs of the private sector.