I think that is undecided. Increasingly in the last decades, central banks have engaged actively in trying to manipulate rates across the yield curve ie) yield curve control.
Are they successful? I don’t think anyone knows the long-term answer, but the important thing is - they will TALK and they will TRY.
“Increasingly in the last decades, central banks have engaged actively in trying to manipulate rates across the yield curve ie) yield curve control.
Are they successful? I don’t think anyone knows the long-term answer, but the important thing is - they will TALK and they will TRY.”
Yes they will. The only way for us to fail is to let them live in our heads. We must adjust as needed to conditions and keep going at all times. Been doing that since ‘79, it’s been just fine, with the usual ups and downs, which are the price of relative freedom compared to other economies.