Journal Article

U.S. monetary policy: an introduction - Part 3: How does monetary policy affect the U.S. economy?

Abstract: This is the third of four consecutive issues devoted to our updated and expanded Q&A on monetary policy: (1) \\"How is the Federal Reserve structured?\\" and \\"What are the tools of U.S. monetary policy?\\" (2) \\"What are the goals of U.S. monetary policy?\\" (3) \\"How does monetary policy affect the U.S. economy?\\" and (4) \\"How does the Fed decide the appropriate setting for the policy instrument?\\" The revised text will appear in a pamphlet soon.

Keywords: Federal Reserve System; Monetary policy; Interest rates; Federal Open Market Committee;

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Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2004

Order Number: 03