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Federal Reserve Bank of St. Louis
Page One Economics Newsletter
A New Frontier: Monetary Policy with Ample Reserves
Scott A. Wolla
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.


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Scott A. Wolla, "A New Frontier: Monetary Policy with Ample Reserves" , Federal Reserve Bank of St. Louis, Page One Economics Newsletter, pages 1-7, number 00045, May 2019.
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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