Fed ‘Thinking Very Hard’ About Yield-Curve Control, Williams Says

The transcript discusses forward guidance and yield curve control as tools for managing the treasury market and shaping longer rates. It explores the potential of yield curve control to complement calendar-based guidance and other policy actions. The speaker highlights the importance of analyzing international experiences with yield curve control and its applicability to the US economy. The focus remains on using available tools to achieve maximum employment and price stability.

What are the potential uses of yield curve control as discussed in the text?

How does the speaker view the relationship between yield curve control and calendar-based guidance?

What considerations are being analyzed regarding the implementation of yield curve control in the United States?

In what context is the speaker considering the effectiveness of yield curve control?

What are the goals that the speaker aims to achieve using all available tools?