Federal Reserve: Unconventional Monetary Policy Options (Paperback) (ISBN-13: 9781502999603)

The "Great Recession" and the ensuing weak recovery have led the Federal Reserve (Fed) to expand its monetary policy tools. Since December 2008, overnight interest rates have been near zero; at this "zero bound," they cannot be lowered further to stimulate the economy. As a result, the Fed has taken unprecedented policy steps to try to fulfill its statutory mandate of maximum employment and price stability. Congress has oversight responsibilities for ensuring that the Fed's actions are consistent with its mandate.

Author: Labontae
ISBN-10: 1502999609
ISBN-13: 9781502999603
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 10/31/2014
Pages: 38
Format: Paperback
Weight: 0.25lbs
Size: 11.02h x 8.50w x 0.08d