Can the FOMC increase the funds rate without reducing reserves?

Journal Article

Abstract: With the funds rate driven to levels far below its target, the FOMC had no recourse but to adjust the target accordingly.

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File(s): File format is application/pdf https://fraser.stlouisfed.org/title/economic-synopses-6715/fomc-increase-funds-rate-without-reducing-reserves-624290
Description: Full text

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2010

Order Number: 28