The Fed's monetary policy response to the current crisis

Glenn Rudebusch

FRBSF Economic Letter, 2009, issue may22

Abstract: The Federal Reserve is employing all available tools to promote economic recovery and price stability by lowering borrowing costs and boosting credit availability. In particular, after lowering the federal funds rate to essentially zero, the Fed has turned to unconventional policy tools to help accomplish its goals.

Keywords: Financial crises; Monetary policy (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (35)

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