‘Hi, I’m Ben’ | FT Alphaville

‘Hi, I’m Ben’

So the Cleveland Fed is no stranger to “really bad drawings, real simple explanations.”

But this one takes the cake.

All about the Federal Reserve:

Of particular interest – the bit about MBS-post the Fed’s massive asset-purchasing programme at six minutes in. Quote: “That brought down mortgage rates for reasons we don’t have time to explain.”

Next up on Cleveland Fed Television:

(H/T Zero Hedge)

Related link:
The latest Fed-web offering – FT Alphaville