Brian Chappatta, Columnist

Fed Could Avert an Inverted Yield Curve. But It Won’t.

The central bank has plenty of long-dated bonds to sell, if policy makers weren’t afraid of losing control.

July 11, 2018 at 12:30 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

There’s no fighting flat.
Photographer: Joel Saget/AFP/Getty Images

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Listen to Federal Reserve Chairman Jerome Powell talk about the U.S. yield curve, and you’d come away thinking the leader of the world’s most influential central bank is powerless when it comes to stubbornly low long-term interest rates.

That’s not entirely correct.