There is a lot of chatter surrounding the Federal Reserve. The FOMC, etc. What the President will or will not do. What can be “successfully” done or not. Today, Kevin Warsh is floating the idea of better aligning the Fed and Treasury, as has been the case in the past (so I’m told). Most of the analysis about what may happen tends to fall along the lines of: Probably cannot “fire” Powell anyways. Even if Powell is “fired” it is a committee, and the committee won’t do anything drastic. The front end might rally a bit, but “we” will lose ... Yield Curve Control? Why Not?