The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They are taking it step by step.
Paul McCulley
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This page presents the quote "The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They are taking it step by step.". Author of this quote is Paul McCulley. This quote is about process, steps, thinking,.