The zero lower bound is the concept that the federal funds rate would not be cut below zero percent. This lower bound constraint can limit the effectiveness of monetary policy when rates are at or near the zero lower bound, especially during recessions. In our Economic Letter, The Zero Lower Bound Remains a Medium-Term Risk, […]| San Francisco Fed
Lael Brainard´s speech on the Fed´s new “longer-run goals and strategies makes reference to a “New Normal”: [I only highlight her references to the labor market] “The new statement on goals and strategy responds to these features of the new normal in a compelling and pragmatic way by making four important changes. First, the statement […]| Historinhas
The payment by the Federal Reserve of interest on bank reserves may sound like an abstruse matter of economic theory,| ABA Banking Journal
The Federal Open Market Committee announced today that it would lower the target range for the federal funds rate by| ABA Banking Journal
The Federal Open Market Committee announced today that it would lower the target range for the federal funds rate by| ABA Banking Journal
By Jeff Huther ABA Data Bank Now that the Fed has started to lower overnight interest rates, the question is| ABA Banking Journal
On this episode of the ABA Banking Journal Podcast, ABA economist Jeff Huther discusses recent dynamics with the Secured Overnight| ABA Banking Journal