Fed Officials Step Up Campaign to Stem Gain in Long-Term Rates - Bloomberg

Fed Officials Step Up Campaign to Stem Gain in Long-Term Rates - Bloomberg

Lockhart, using a smoking metaphor, said the investors had misinterpreted the Chairman’s remarks. “It seems to me the Chairman said we’ll use the patch, and use it flexibly, and some in the markets reacted as if he said ‘cold turkey,” Lockhart said in a speech to the Kiwanis Club of Marietta in Georgia.