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Mester in Q&A on Fiscal Fears

FED

Paraphrasing Cleveland Fed's Mester ('24 voter) in a Q&A after her earlier address: "One thing that’s interesting to me is the unsustainable fiscal policy fears [before higher yields]. It may have been exacerbated by the pandemic, but it is curious how traders paid attention to it when it’s a longer-run issue. Dynamics in the market are very interesting because it’s hard to explain why now that happened, this is something that’s been known for some time."

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