Is This the End of the Fed Funds Rate?
The Federal Reserve is being forced to ramp up bond purchases to boost its balance sheet as global banks are being held to higher liquidity standards. Bloomberg's Michael McKee examines what this means to the Federal Reserve and the Fed funds rate with Dino Kos, executive vice president at CLS Group, and John Silvia, chief economist at Wells Fargo Securities. They speak on "Bloomberg Surveillance." (Source: Bloomberg)