The Federal Reserve follows the two-year Treasury yield more than it leads it. The market (represented by 2yr yields) determines Fed expectations, not vice versa. The Fed denies this publicly but the speaker asserts they are 'lying' about it.
factualpending
Evidence Quote
“they follow the two-year treasury we don't need the FED we need a Bloomberg terminal because the two-year treasury the the two-year treasury leads the FED they deny it until they'll till they're blue in the face but they're lying”
Created: 8/10/2026, 10:50:41 PM
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