Federal Reserve Chairman Jerome Powell is fairly confident the Treasury market over the long run can operate without the central bank’s assistance.
“I don’t think it’s at all a foregone conclusion that there needs to be a permanent Fed presence” buying Treasury securities, Mr. Powell said Wednesday during a news conference after the final Federal Open Market Committee meeting of 2020. “That’s not something we’re planning on or intending.”
Mr….
This post first appeared on wsj.com
