Federal Reserve policymaker Raphael Bostic warned that the expanding stock of U.S. government debt will ultimately influence financial markets by crowding out private investment opportunities. Bostic added that a rising federal debt load could also dilute the effectiveness of monetary policy, making benchmark interest rates increasingly determined by market forces rather than by decisions of the central bank.
Fed's Bostic: U.S. Government debt at some point will have implications in the marketplace, crowding out other investment
Fed’s Bostic: US Government Debt At Some Point Will Have Implications In The Marketplace, Crowding Out Other Investment - That Will Have Implications For The Efficacy Of Monetary Policy, Making Interest Rates More Independent Of The Central Bank
Fed's Bostic: That Will Have Implications For The Efficacy Of Monetary Policy, Making Interest Rates More Independent Of The Central Bank