Fed QE Is Possible If Treasuries Rout Worsens: Richards
The Federal Reserve will step in to support the US Treasury market if the recent selloff turns more disorderly, according to Bruce Richards, the chairman of Marathon Asset Management. "If Treasuries break much further, you have QE by the Fed, where they might not cut rates but they're going to step in a very big way to ramp up their portfolio to support the Treasury market if needs be," Richards said on Bloomberg Television.
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