Cheap Convexity

Cheap Convexity

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Cheap Convexity
Cheap Convexity
Two Different Reaction Functions

Two Different Reaction Functions

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Jon Turek
Jun 08, 2021
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Cheap Convexity
Cheap Convexity
Two Different Reaction Functions
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Both Lael Brainard and Richard Clarida have added two key things to their communication since the April minutes. Clarida said it would probably be appropriate to begin taper discussions and Brainard said she expects the economy to continue on a path toward “further progress.” This is a clear change from the April meeting where Powell said in the press c…

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