New FEDS note suggests 2s10s spread does not have predictive power for recession. This follows Powell's recent downplaying of that measure when asked at a NABE talk.
— Joseph Wang (@FedGuy12) March 25, 2022
h/t @pdacosta @yorkable https://t.co/9zIwFjYqLg
Saturday, March 26, 2022
New FEDS note suggests 2s10s spread does not have predictive power for recession
