Abstract
The last three days of January 2014 all have material relevance to the rise of forward guidance as the premier policy tool of the Federal Reserve. On January 29, the US Treasury will introduce Floating Rate Notes, the first new bond exactly 17 years since the introduction of TIPS. January 30 marks the 80th anniversary of the Gold Reserve Act, legislation that passed the reigns of US monetary policy to the Treasury until the Fed-Treasury Accord of 1951 while January 31 marks the last day in office of Ben Bernanke. All three of the events mark important guideposts for forward guidance and the Federal Reserve's ability to credibly commit to lower rates for longer.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
