The Fed’s new monetary policy strategy: Could added flexibility impair financial stability?
Fecha: septiembre 2021
José Ramón Díez Guijarro
Bond Yields
SEFO, Spanish and International Economic & Financial Outlook, V. 10 N.º 5 (september 2021)
The new monetary policy strategy adopted by the Federal Reserve last year has impacted both inflation expectations and the risk premia. However, analysis suggests it is unlikely to push yields high enough to threaten financial stability.