Treasury Action Not a Fed Game Changer for September, Says Evercore’s Guha

Krishna Guha, vice chair and head of central bank strategy at Evercore ISI, stated that the US Treasury Department's plan to increase purchases of outstanding 10-year to 30-year debt will not affect the Federal Reserve's September interest rate decision. Guha said the Treasury move "certainly complicates things" for Federal Reserve Chairman Kevin Warsh. The Treasury action increases the supply of longer-term debt available in the market.

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