Tag Archive: Volcker Rule

Ad Hoc Commentary – rate hikes irrelevant as monetary transmission is broken


Yours truly apologize for not writing in recent times. Today is Fed Powell’s first meeting. Markets are very different today compared to the last Fed rate hike cycle of 2004-2006. Today, Fed Funds… Continue reading

Ad Hoc Commentary: Dodd-Frank rollbacks to fix monetary transmission via FX Swap


Monetary policy transmission is broken today as measured by the FX swap implied rate of US dollar versus Interest on Excess Reserves rate. Those who are still looking at Libor versus Fed Funds… Continue reading