Brainard: Fed stands ready to increase pace of bond buys if necessary

Author: Adam Button | Category: Central Banks

More from Brainard:

  • Asset purchases have been a key part of the monetary policy response to the pandemic and are providing substantial support
  • Purchases of MBS in particular are providing direct support
I would take this as more of a throwaway comment than a dovish sign. Bond yields have come back a bit after the auction drop.

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