From the Department of You've Got To Be Kidding, Fed (and other central bank) officials are voicing concerns about overheated markets - be they junk bonds or farmland or houses. This week, Atlanta Fed president Lockhart noted a bit of froth in Treasurys and MBS. Fed purchases of $85B/month in those markets couldn't have anything to do with that?
From the Department of You've Got To Be Kidding, Fed (and other central bank) officials are...
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