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McClellan Chart-In-Focus

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McClellan Chart-In-Focus: Setting The Fed Funds Target Rate – April 12, 2019

Published April 12, 2019 | By Bob Weir
eResearch is pleased to provide the latest McClellan Chart-In-Focus report from McClellan Financial Publications. Mr. McClellan states: I have long advocated for the FOMC getting out of the business of setting short term interest rates and, instead, they should out-source that job to the 2-year T-Note yield. While that out-sourcing might put several American PhD economists out of work, I am okay with that, because it would give us the benefit of having more efficient monetary policy, with less severe bubbles and depressions.

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