Monetary Move

Over the next months we are quite likely to hear the Fed speak about monetary policies such as forward guidance, explicit forward guidance, open-ended forward guidance, calendar-based forward guidance, yield curve control, price-level targeting, symmetric inflation targeting, asymmetric inflation targeting, temporary price-level targeting and more. Which policy or policies are pursued is irrelevant. The aim of the new approach is to convince markets that rates will really stay lower longer.

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