A New Frontier: Monetary Policy with Ample Reserves

Scott Wolla

Page One Economics Newsletter, 2019, 1-7

Abstract: The Federal Reserve conducts the nation?s monetary policy to promote maximum employment and price stability through the federal funds rate. This issue of Page One Economics reviews the previous framework for monetary policy and then describes the Federal Reserve?s new strategy for influencing the federal funds rate and the broader economy.

Date: 2019
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