Money markets after liftoff: assessment to date and the road ahead

Abstract: Remarks at the 70th Anniversary Celebration of the School of International and Public Affairs at Columbia University, New York City.

Keywords: monetary policy implementation; reserve draining; authority to pay interest on reserve balances (IOR); zero lower bound (ZLB); new framework; interest rate control; overnight reverse repo (ON RRP); Eurodollar market; Treasury bills; lift-off; Open Market Trading Desk (the Desk);

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2016-02-22