Goodhart's Law: the relationship between the Fed Funds rate & 10y T-bill yields broke down one the Fed started targeting it https://onlinelibrary.wiley.com/doi/abs/10.1111/jmcb.12469?af=R …pic.twitter.com/YxEAnNpFCF
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Goodhart's Law: the relationship between the Fed Funds rate & 10y T-bill yields broke down one the Fed started targeting it https://onlinelibrary.wiley.com/doi/abs/10.1111/jmcb.12469?af=R …pic.twitter.com/YxEAnNpFCF
