In an interview with the Financial Times (FT) on Thursday, St Louis Federal Reserve (Fed) President James Bullard puts yield curve control at the bottom of the priorities list for the US central bank.
Additional quotes
“We’re still in the middle of the crisis here.”
“The risk of a financial crisis remains.”
“Without managing health policy, we could get a wave of substantial bankruptcies.”
That could feed into a financial crisis.”
“It is probably prudent to keep our lending facilities in place for now.”
“In any crisis, there can be twists and turns.”
“The idea is to make sure that markets don’t freeze up entirely.”
“The committee expects to stay low, the markets also expect us to stay low.”
“Not much impetus to add additional forward guidance as such.”
more to come …
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