The Latest: Municipal Strategy Report - September 2018
The Fed Should Respect the Yield Curve
In this month's Municipal Strategy Report we discuss the concept of neutral rate of interest and reflect on Federal Reserve Governor Lael Brainard's views on the roles of shorter-term neutral rate of interest and the yield curve in conducting monetary policy.
Additionally, the MSR features:
- "Teacher Strikes Leading to Increased Education Funding, Potential Credit Pressure”, which looks at the recent teacher strikes across the country, their resolutions and how they may impact state budgets.
- "California Pledges Carbon-Free Electricity"," an analysis of the impact of SB 100, a landmark bill that was signed into law on Monday, on electric utility industry and public power companies operating in California.