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What Would Be Wrong with Targetting the 10-Year Nominal Treasury Bond @ 4%/Year?

US Generic Govt 10 Year Yield  USGG10YR IND Index Performance  Bloomberg

Suppose we tried monetary policy to move the IS curve:

Announce that we will buy bonds for cash all along the yield and risk curve when the 10-Year nominal Treasury rate was less than 4%/year and keep doing so until it hit 4%/year; announce that we will sell bonds for cash all along the yield and risk curve when the 10-Year nominal Treasury rate was more than 4%/year and keep doing so until it hit 4%/year.

Why wouldn't that be an absolutely fine monetary policy? Wouldn't that be a much better than the one we are following now, wouldn't it?

Wouldn't it?

Well?

Anybody?

Anybody?

Bueller?

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