Craig Dismuke and Economic Rebound

Ben Bernanke: With benchmark U.S. government debt having jumped from 2.13 percent to as high as 2.49 percent so far this month, Fed officials headed into a policy meeting next week will be asking how long the selloff could last — and how much it could slow the economic rebound from a winter slump, according to Euro News. It got to be part of their calculus. U.S. mortgage rates have reached their highest level in a year-and-a-half, auto loans are getting a bit more expensive, and corporations across the board have seen their borrowing costs jump as U.S. and European debt retrenched in recent weeks. And I do think that they will try to micro-manage the market, said Craig Dismuke, chief economic strategist at Memphis-based broker dealer Vining Sparks. The concern is a repetition of 2013, when then-Fed Chairman Ben Bernanke set off a market rout that threatened the recovery when he suggested a stimulative bond-buying program could soon be curbed. After 6.5 years of ultra easy monetary policy, Fed officials would welcome at least some evidence of tightening financial conditions as they increasingly telegraph a rate hike. (news.financializer.com). As reported in the news.