Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE
Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE

US Federal Reserve

US Federal Reserve weighs explicit forward guidance, but wary of yield targets

  • YCT refers to yield caps or targets, a strategy of limiting the yields on government bonds at specific maturities
  • Officials ‘not even thinking about thinking about raising rates’: Powell

Topic |   US Federal Reserve
Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE
Fed Chair Jerome Powell and US Secretary of the Treasury Steven Mnuchin greet each other on Capitol Hill in Washington on June 30. Photo: EPA-EFE
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