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Fed's Brainard: Effects of yield curve control would be comparable to quantitative easing

Additional comments from Fed Governor Lael Brainard continue to cross the wires as she speaks in an interview with Yahoo Finance.

Key quotes (via Reuters)

  • Effects of yield curve control would be comparable to quantitative easing.
  • Don't see negative interest rates being a useful part of Fed's arsenal.
  • We need to avoid slippage in inflation expectations.
  • Concerned about policies whittling away at core resilience of banking system.
  • Risky corporate borrowers have taken on a lot of debt in this recovery.

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