Philadelphia Fed's Plosser on the yield curve

In the speech 'What can we expect from the yield curve?' given on 23 March Charles Plosser of the Federal Reserve Bank of Philadelphia said the spread between yields on short- and long-dated government securities may remain narrow in the future due to stable inflation expectations and less volatile economic conditions.

"I anticipate that the yield curve is likely to be flatter, on average, than at comparable points in past business cycles. This is not to say that the yield curve is going to be

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