New monetary policy tools on the Fed's website
The Fed has added 3 new monetary policy tools on their webpage. Numbers 1-3 are in every economics textbook. Number 4 was new back in February when I first checked with my macro class. Numbers 5 and 6 were added in March.
- Open Market Operations
- The Discount Rate
- Reserve Requirements
- Term Auction Facility
- Primary Dealer Credit Facility
- Term Securities Lending Facility
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