The Federal Open Market Committee (FOMC) engaged in a series of extraordinary monetary policy actions in the wake of the Global Financial Crisis of 2007-2008 to support economic activity in the United States. Interest rates were lowered to their effective lower bound and the Fed's balance sheet was greatly expanded through a series of large-scale asset purchase programs. As the U.S. economy has recovered, "normalization" of monetary policy (which will be data-dependent) has drawn closer. This article reviews some factors that may impact the post-normalization course of monetary policy.


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    Title :

    Keynote Speech: Federal Reserve Policy in the Post-Crisis Period


    Contributors:
    Wynne, Mark (author)

    Published in:

    Publication date :

    2015




    Type of media :

    Article (Journal)


    Type of material :

    Print


    Language :

    English



    Classification :

    BKL:    83.72 Verkehrswirtschaft / 83.71 Handel
    Local classification FBW:    oek 3855





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