Sunday, August 28, 2011

Roubini : The Fed will conduct what I have been calling permanent zero

Nouriel Roubini : The Fed is likely to soft peddle this policy change… so the Fed could start off by signalling to the market that it will conduct what I have been calling 'permanent zero'. Eventually people will be forced to accept this – and the term structure will flatten further and further out the curve. - in CNBC

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