Brainard comments at "Fed Listens" event
- Want to 'hear more' about the idea of whether, if short-term rates again reach zero, Fed bond purchases could be used to set targeted levels for longer-term rates
- Fed may find best option is to enhance existing tools
- No comments on the outlook or monetary policy
This sounds like a nod to Japanese-style yield curve control. That said, how much further below 2% do you want to push rates?
