Will the US FED follow Japan in YCC?https://www.fxempire.com/forecasts/article/fed-can-control-yield-curve-but-it-cant-control-gold-668007
https://www.brookings.edu/blog/up-front/2020/06/05/what-is-yield-curve-control/
Above is the Brookings Institute link and I wonder whom taught there why Yellen of course!
Janet L. Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, as well as an adviser to the Magellan Group. Dr. Yellen previously served as Chair of the Federal Reserve Board (2014-2018), as Vice Chair of the Federal Reserve Board (2010-2014), as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco (2004-2010), and as Chair of the White House Council of Economic Advisors (1997-1999).
Japan’s long-lasting deflation has been a severe problem for the Japanese economy for decades. In April 2013 and January 2016, the new Governor Haruhiko Kuroda led the Bank of Japan (BOJ) to initiate Quantitative and Qualitative Monetary Easing (QQE) and QQE with Negative Interest Rate Policy (NIRP) to deal with this issue. However, even after three years since QQE was implemented, the inflation rate was still below 2 percent. In September 2016, the BOJ introduced QQE with Yield Curve Control (YCC)—a new program that targets both short-term and long-term policy interest rates, to resolve the issues created by QQE and QQE with NIRP, aiming at an inflation overshooting target of 2%.
Wich we know all too well Japans MASSIVE EXPANSION of its Balance Sheet!
Thought I read the US did something similar too YCC in 1942 and 47 ???? Because of the massive debt taken on during WW2 & the Marshall Plan