FRB: Speech, Bernanke--Reflections on the Yield Curve and Monetary Policy--March 20, 2006

Interesting speech. Will make for great discussions in Institutions or Money and Banking classes!FRB: Speech, Bernanke--Reflections on the Yield Curve and Monetary Policy--March 20, 2006: "Current and near-term forward rates are particularly sensitive to monetary policy actions, which directly affect spot short-term interest rates and strongly influence market expectations of where spot rates