Temporary Open Market Operations and Large-Scale Asset Purchases (Page One Economics)
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The Federal Reserve employs both conventional and unconventional monetary policy tools to promote maximum employment and price stability. This special Summer 2020 issue of Page One Economics® reviews the monetary policy framework under ample reserves and then describes the use of temporary open market operations and large-scale asset purchase programs to promote the stability of the financial system that facilitates access to credit for households and business.
Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the high school/college teacher editions (including an answer key) for this issue; to assign an online version of the student materials; and to collect student scores on the questions.
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