Caroline Baum / Fed can't control economic results - Press of Atlantic City: Commentary

Caroline Baum / Fed can't control economic results

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Posted: Monday, July 22, 2013 12:01 am

The last two months have been a nightmare for the Federal Reserve, which has been doing everything in its power to depress long-term interest rates. The yield on the 10-year Treasury note rose more than a full percentage point from early May to early July amid talk of the Fed first cutting its asset purchases, and then ending them by mid-2014, assuming the economy lives up to its relatively upbeat forecast.

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