The Federal Reserve's New Approach to Raising Interest Rates

Jane E. Ihrig, Ellen Meade and Gretchen Weinbach ()
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Jane E. Ihrig: https://www.federalreserve.gov/econres/jane-e-ihrig.htm

No 2016-02-12-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: At its December 2015 meeting, the Federal Open Market Committee (FOMC)--the Federal Reserve's monetary policy committee--raised its target range for the federal funds rate by 25 basis points, marking the end of an extraordinary seven-year period during which the federal funds target range was held near zero to support the recovery of the U.S. economy from the worst financial crisis and recession since the Great Depression.

Date: 2016-02-12
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2016-02-12-1

DOI: 10.17016/2380-7172.1706

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