Fed's Mester: Yield-Curve Control Not Preferred at the Moment

The video discusses various measures and inflation expectations, emphasizing the importance of aligning them with a 2% inflation target. It explains the new strategy and the tools available for monetary policy, including interest rates, forward guidance, and asset purchases. The video also outlines the goal of achieving a 2% inflation rate over time, aiming for periods of moderately above 2% inflation to balance previous low periods.

What measures does the speaker look at to understand inflation expectations?

How does the speaker describe their approach to the new strategy regarding inflation?

What tools of monetary policy are mentioned as important for adding accommodation?

What does the speaker suggest about the time frame for getting inflation back up to 2%?

What is the long-term goal for inflation that the speaker refers to?