I think JPow is pulling a 1979 Volcker….
by laflammaster FRB has been focusing on buying shorter term Treasuries to stave off a disastrous bullwhip effect. Also, FRB sold ~$5B of MBS (>10Y in maturity).
volcker
Fed Chairman Volcker needed a body gaurd after raising rates.
h/t Hot_Will1997
Another Volcker Moment? JPMorgan Expects String of Nine Straight Fed Rate Hikes (Shock And Awful??)
by confoundedinterest17 In August 1979, when Paul Volcker became chairman of the Federal Reserve Board, the annual average inflation rate in the United States was 11%. Inflation peaked in 1980 at 14.6%. Volcker raised the federal funds rate from 11.2% in 1979 …
Bond Traders Stare at Worst Real Returns Since Paul Volcker Era Thanks To Inflation (The Fed’s Famous Chili!)
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Paul Volcker’s Fed Criticism Hints at Potential Recession
From Birch Gold Group In the 1980’s amidst out-of-control inflation, former Fed chairman Paul Volcker employed a controversial economic strategy of using high interest rates to end it. In that case, the economic band-aid called “The Volcker Rule” worked. He’s 91 …