Analysis: The US Federal Reserve Or Maintaining Low Interest Rates For Quite A Long Time

Investors can now forget the so-called "scatter plot" statistics of the FED members and Yellen's "6 months" statement, because some super fund managers are in the forefront. Federal Reserve Chairman Bernanke (Ben Bernanke) went to dinner and learned that the benchmark interest rate would remain low for a long time.

Surprisingly, Bernanke said in a dinner party that the Fed's goal is to achieve inflation target of 2% in the long run, rather than to exceed that level. Bernanke, 60, believes that in his lifetime, the US federal funds rate will not rise to a long-term average of around 4%.

After leaving office, the former chairman of the Federal Reserve is no longer at ease. Bernanke made it clear that the Federal Reserve's easing policy and ultra-low interest rates will be maintained for a long time. Bernanke predicts that the Fed will only raise interest rates very slowly, which is likely to be slower than many people now expect, because there is still much room for recovery in the job market.

The well-known hedge fund giants attending the dinner include Paul Tudor Jones, David Einhorn, David Tepper and so on. Others include members of well-known institutions such as Fortress and Glenview Capital.

David Tepper earned 3 billion 500 million dollars last year, the highest income. hedge fund Manager, he said this week at the industry forum that he attended Bernanke's first private dinner after retirement, and kept asking him questions. But Tepper said he did not make full use of the information and is now too late.

At the same forum, Fortress's Novogratz said many hedge funds failed to grasp the hint given by Bernanke that they missed the opportunity to buy long-term US debt.

The biggest event in the global financial market at present is the unexpectedly strong rise in US Treasury bonds and the collapse in yields. At the beginning of this year, when Bernanke retired, 10 year treasury bonds were issued. Rate of return About 3%, the Wall Street consensus will rise to 3.4% at the end of the year. The current yield is 2.52%.