What would yield curve control mean for Fed’s asset purchases?

Fed note

At the Federal Open Market Committee (FOMC) meeting in April, members raised the possibility of using yield curve control (YCC) to strengthen the central bank’s forward guidance on interest rates.

“Several participants remarked that a programme of ongoing Treasury securities purchases could be used in the future to keep longer-term yields low,” the minutes say.

“A few participants also noted that the balance sheet could be used to reinforce the Committee’s forward guidance regarding the path

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: