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CPI is a convenient basket for the fed to sell bonds ideally at a positive yield. Thats why things are left out.
by trident5000 6y ago
CPI is a convenient basket for the fed to sell bonds ideally at a positive yield. Thats why things are left out.
- throw0101a 6y ago> for the fed to sell bonds The Fed does not sell bonds, the US government (through the Department of Treasury) does. They are independent of each other. (Then-President) Trump got lots of flack for going after US Fed Chairman Powell due to the desire to keep this independence as clear-cut as possible: * https://thehill.com/policy/finance/450283-powell-asserts-fed-independence-as-trump-blasts-central-bank https://thehill.com/policy/finance/450283-powell-asserts-fed...
- trident5000 6y agoYou are correct, I typed that too fast.