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.

1. Open Market Operations
2. The Discount Rate
3. Reserve Requirements
4. Term Auction Facility
5. Primary Dealer Credit Facility
6. Term Securities Lending Facility

Comments

[Ted P. Binger]

FYI, check the Fed site again. Since the time of this post they've added four more tools. As a student of business and economics myself, I check the site from time to time to keep up with the practical side of macro- and monetary economics.