Fed17 Jul 2018 18:44
Federal Reserve chair Jerome Powell is not explicitly concerned about the flattening Treasury yield curve.
Speaking before members of the Senate Banking Committee on Tuesday, Powell was asked by Senator Pat Toomey (R-Pa.) about the declining spread between short-term and long-term Treasury rates. Toomey explicitly referenced the narrowing of the spread between two-year and ten-year Treasury notes, which was sitting at 25 basis as of Tuesday morning, the slimmest margin in ten years.