The Federal Reserve’s sprint to withdraw stimulus in the midst of concern that high inflation could be more persistent is underscoring the need to improve the resilience of the U.S. Treasury market, according to a report prepared by former senior policy makers.
The Group of 30, an independent group of central bankers, financiers and current and past regulators, released the report to highlight the status of recommended overhauls to the $23 trillion market for U.S. government debt. The report followed an initial set of recommendations released last year to reduce the risk of a crackup in the Treasury market.
