The Weekly Fix: The Forever Fed; Election Hints From Volatility
A Wall Street sign in front of New York Stock Exchange.
Photographer: Michael Nagle/Bloomberg.
Welcome to the Weekly Fix, the newsletter that’s getting a bit big for its britches and may need permanent central bank support. I’m cross-asset reporter Katherine Greifeld, filling in for Emily Barrett.
Fed Vice Chair for Supervision Randal Quarles turned heads this week. His comments got people thinking about whether the U.S. debt market is now so big that it may need permanent central bank involvement. While discussing the outlook for the Fed’s bond-buying program, Quarles said it’s an “ open question” as to whether there will be an indefinite need for the Fed to keep buying U.S. bonds to support market function: