Economists Argue Federal Reserve No Longer Controls Interest Rates; Bond Market Now Dictates
Economists and market analysts argue that the Federal Reserve has lost its ability to set the price of money in America, with the bond market now being the primary driver of interest rates. This shift in control is seen as a significant development in monetary policy.
companyFederal Reserve
The tape
3 quotes
“They disagree on plenty, but on one point, they do agree.”
“The Federal Reserve is no longer setting the price of money in America.”
“The bond market is.”
Heard on The David Lin Report — “The Market’s $40T Question: Can Treasury Keep Yields Under Control?”, published Tuesday, August 25, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.