End Fed‑Watching, Market‑Set Rates

Updated: 2025.08.03 2M ago 1 sources
He calls for a free market in interest rates at every term with matched maturities, eliminating policy‑driven rate targets and the 'Fed‑watcher' industry. This would shift price discovery from committee decisions to supply‑demand across the yield curve. — Such a shift would overhaul debt management, banking incentives, and macro policy transmission by replacing administered pricing with market discovery.

Sources

The path to a new sovereign accounting
Curtis Yarvin 2025.08.03 100% relevant
“Any serious financial reform has to result in an interest‑rate market where rates at every term… are set by the supply and demand… there are no ‘Fed‑watchers.’”
← Back to All Ideas