• Federal Reserve Governor Brainard: Fed should consider targeting long-term rates in a future downturn

Market news

8 May 2019

Federal Reserve Governor Brainard: Fed should consider targeting long-term rates in a future downturn

  • 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

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