Temporary Open Market Operations and Large-Scale Asset Purchases (Page One Economics)
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.
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