ML-Implode News - Bernanke's conundrum

Greenspan wanted higher rates. The market gave him lower rates by accelerating its purchases of Treasuries, thus the conundrum. Bernanke wants the exact opposite, that is, lower rates. The market is giving him higher rates by accelerating the sale of U.S. government debt -- a conundrum opposite to the one Greenspan encountered. Then and now, the market pundits fret that the Fed is losing (has lost) control of interest rates.
... the Federal Reserve may have already launched QE4 while simultaneously talking about ratcheting monetization down... For a while, it wasn't clear why bank reserve credit (QE) was rising. When you marry [Reserve Bank Credit] to 10-year Treasury maturity rates, the reason becomes quite clear. The Fed is battling the market to keep rates low and the government (along with the rest of the economy) financed at favorable rates.

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Bernanke's conundrum