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Does the Fed Push Interest Rates Down? History Says Yes
Media Asset
Author: Robert P. Murphy Jason Purcell
Online Publish Date:
Category: Capital and Interest Theory, Monetary Theory, Money and Banking, The Fed
Jason Purcell is an analyst at a major financial institution with a specialty in bond analysis. He joins Bob to discuss his historical analysis of yield curves (in both UK and US) going back to the 1870s, which shows that central banks do indeed manipulate short-term interest rates. Bob’s Article on the Inverted Yield Curve: Mises.org/HAP457a