Fed's Mester Says Yield-Curve Control Is a Discussion for a Future Phase

The transcript discusses yield curve control, its potential implementation, and historical context. It highlights the tool's role in forward guidance, the committee's past discussions, and the current market conditions. The speaker emphasizes the importance of considering future phases and the challenges of implementing and exiting such tools.

What does the speaker suggest about the necessity of yield curve control in the current phase?

What potential role does the speaker see for yield curve control in the future?