Identify and explain the Fed's three major tools in conducting monetary policy.

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asked Aug 6, 2021 48.7k views

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Zbateson · Answer 1 · 2021-08-07T17:49:44+0000

reserve requirements, the discount rate, and open market operations. In 2008, the Fed added paying interest on reserve balances held at Reserve Banks to its monetary policy toolkit.

Hartley Brody · Answer 2 · 2021-08-12T11:59:06+0000

Answer: The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations. In 2008, the Fed added paying interest on reserve balances held at Reserve Banks to its monetary policy toolkit.

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Identify and explain the Fed's three major tools in conducting monetary policy.

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