Journal Article

Implementing Monetary Policy in a Changing Federal Funds Market


Abstract: As the Fed normalizes its balance sheet, it helps to understand how the federal funds market used to operate, how it changed in the wake of the crisis, and what comes next.

Keywords: fed balance sheet; monetary policy; Federal Reserve;

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Provider: Federal Reserve Bank of Philadelphia

Part of Series: Economic Insights

Publication Date: 2019-04

Volume: 4

Issue: 2

Pages: 15-20