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Keywords:corridor system 

Speech
Important choices for the Federal Reserve in the years ahead: remarks at Lehman College, Bronx, New York

Remarks at Lehman College, Bronx, New York.
Speech , Paper 282

Speech
The U.S. economic outlook and the implications for monetary policy: remarks at Money Marketeers of New York University, New York City

Remarks at Money Marketeers of New York University, New York City.
Speech , Paper 254

Speech
Operational perspectives on monetary policy implementation: panel remarks on \\"The Future of the Central Bank Balance Sheet\\" at the Policy Conference on Currencies, Capital, and Central Bank Balances, Hoover Institution, Stanford University, Stanford, California

Remarks at the Policy Conference on Currencies, Capital, and Central Bank Balances, Hoover Institution, Stanford University, Stanford, California.
Speech , Paper 283

Report
The mechanics of a graceful exit: interest on reserves and segmentation in the federal funds market

To combat the financial crisis that intensified in the fall of 2008, the Federal Reserve injected a substantial amount of liquidity into the banking system. The resulting increase in reserve balances exerted downward price pressure in the federal funds market, and the effective federal funds rate began to deviate from the target rate set by the Federal Open Market Committee. In response, the Federal Reserve revised its operational framework for implementing monetary policy and began to pay interest on reserve balances in an attempt to provide a floor for the federal funds rate. Nevertheless, ...
Staff Reports , Paper 416

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