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.
Part of Series: FEDS Notes
Publication Date: 2020-07-01