How Does the Fed Use Its Monetary Policy Tools to Influence the Economy?

Jane E. Ihrig and Scott Wolla
Additional contact information
Jane E. Ihrig: https://www.federalreserve.gov/econres/jane-e-ihrig.htm

Page One Economics Newsletter, 2022, 8 pages

Abstract: The Federal Reserve has a congressional mandate to promote maximum employment and price stability. The May issue of Page One Economics explains how the Federal Open Market Committee (FOMC) conducts monetary policy by setting the target range for the federal funds rate and how the Fed uses its policy tools to steer the federal funds rate into the FOMC’s target range.

Keywords: monetary policy; Federal Open Market Committee (FOMC); federal funds rates; interest on reserve balances; overnight reverse repurchase agreement facility; discount window; open market operations (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://files.stlouisfed.org/files/htdocs/publicat ... e-the-economy_SE.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlpo:94182

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Page One Economics Newsletter from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().