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Discussion Paper
Where do I see the Monetary Policy Normalization Tools on the Fed's Balance Sheet and Income Statement?
On December 16, 2015, the Federal Open Market Committee (FOMC) determined it was appropriate to raise the effective federal funds rate from the 0 to 25 basis point range it had been set at since late 2008. This note highlights where some of the key elements of the FOMC's approach to policy normalization are reported on the Federal Reserve's website.