Fed should consider yield curve targeting – Brainard

Lael Brainard
Fed/Flickr

The Federal Reserve should consider whether it should use yield curve control in the event of a downturn in the economy, governor Lael Brainard said in a speech on May 8.

Brainard called on the Fed to explore targeting explicit levels of longer-term interest rates as a means to add more stimulus to the economy when short-term rates are zero. The policy is currently being implemented by the Bank of Japan, which calls it “yield curve control” (YCC). It was previously used by the Fed during World

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: