Spree At Last
All Star
i dont have a full understanding but i believe the fed can start doing yield curve control, where they buy longer-term bonds to keep the yield curve from steepening like it is now. this is different than the quantitative easing that the fed is currently doing, because now they buy a fixed number of treasuries per month (without caring about the price). so yield curve control is kinda like giving the fed free reign to buy as much as it needs to in order to hit a fixed yield target.What tools does he have left to use? They cut rates to almost nothing.