Remove Bond Remove Construction Remove Credit Risk Remove Marketing
article thumbnail

The Downside of the Fed’s Increasingly Complicated Expectations Game

Harvard Business Review

And in fact the prices of the particular financial assets that the Fed announced that it will buy less of, Treasury bonds and mortgage-backed securities, did drop slightly on the news Wednesday. Still, even Eichengreen thought the policy shift was too inconsequential to justify the market reaction. But stocks didn’t.

Bond 8
article thumbnail

What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. I had an idea of constructing a certain statistical procedure. Greenspan was never a hardline believer in the rationality of financial markets. It’s true of all commodity markets.