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Discussion Paper

Implementing Monetary Policy in an "Ample-Reserves" Regime: The Basics (Note 1 of 3)


Abstract: The FOMC has stated that it intends to continue implementing monetary policy in a regime with an ample supply of reserves. This Note, the first in a three-part series, provides an introductory discussion of what it means to implement policy in such a regime and how the Fed ensures interest rate control in an environment with an ample supply of reserves in the banking system.

https://doi.org/10.17016/2380-7172.2552

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-07-01

Number: 2020-07-01