2 New Strategies for the Fed?

I read an article written by Mark J. Grant, Chief Global Strategist, Fixed Income, for B. Riley FBR Inc. on 2 strategies the Fed is considering using to jump-start our economy. First, is "yield-curve control" in which the Fed sets short-term rates for maybe as loan as 5 years at very specific low levels to keep our government's borrowing costs incredibly low. John Williams, President of the NY Fed, states that, "this is something we're obviously thinking very hard about."

Second, Yi Wen, and economist for the St. Louis Fed recently said, "we will need to consider negative interest rates: in getting our economy back on track. Formally, the Fed is on record against negative interest rates. But, the Fed adjourns from their meetings this Wednesday and it will be interesting to see if the Fed is questioned about this policy idea.