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Federal Reserve Bank of New York
Speech
Comments on “A Skeptical View of the Impact of the Fed’s Balance Sheet”: remarks at the 2018 U.S. Monetary Policy Forum, New York City
William Dudley
Abstract

Remarks at the 2018 U.S. Monetary Policy Forum, New York City.


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William Dudley, Comments on “A Skeptical View of the Impact of the Fed’s Balance Sheet”: remarks at the 2018 U.S. Monetary Policy Forum, New York City, Federal Reserve Bank of New York, Speech 275, 23 Feb 2018.
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Keywords: large-scale asset purchase (LSAP); zero lower bound; LSAPs; forward guidance; mortgage-backed securities (MBS); Treasury securities; balance sheet normalization; caps; event studies; long-term bond yields; bond term premia
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