Clarida Says Yield Curve Control Is in Fed's Tool Kit

The transcript discusses the potential role of yield curve control in monetary policy, highlighting its complementarity with forward guidance and asset purchase programs. While not currently being considered for deployment, it remains a tool in the central bank's toolkit. Historical and international examples, such as the Reserve Bank of Australia and the Fed in the 1940s, are mentioned to illustrate its application.

What is the relationship between yield curve control and forward guidance?

In what circumstances could yield curve control be considered according to the Minutes?

What does the speaker mean by 'it's certainly in the toolkit'?

How does the speaker describe the current inclination towards deploying yield curve control?

What historical examples does the speaker provide regarding the deployment of yield curve control?