An overview of monetary policy in the US

Karl Whelan ()

Open Access publications from School of Economics, University College Dublin

Abstract: With the introduction of monetary union, the US Federal Reserve system has become a common reference point against which to compare the procedures and policies of the fledgling ECB. This paper provides a brief overview of US monetary policy. The paper discusses the legal and institutional structures underpinning the Federal Reserve system, the process by which policy decisions are made, and the strategy that the Federal Reserve has used in implementing monetary policy in recent years.

Keywords: Monetary policy--United States; Board of Governors of the Federal Reserve System (U.S.) (search for similar items in EconPapers)
Pages: 13 pages
Date: 2002
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Published in: Central Bank Quarterly Bulletin, (Winter 2002) 2002

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http://hdl.handle.net/10197/205 Open Access version, 2002 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucn:oapubs:10197/205

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