Here’s Everything About the Fed’s Monetary Policy &Tools
Time to learn some crazy long jargons...
1. Policy Framework & Strategic Mandate
The Federal Reserve (via FOMC) operates under a statutory dual mandate — maximum employment and price stability (2% inflation target), with an implicit lender-of-last-resort role (聯邦儲備系統). Since the 2008 crisis, its monetary tools have evolved significantly to navigate an ample-reserves environment.
In May 2024, the…
