U.S. monetary policy and financial markets
By: by Ann-Marie Meulendyke
Publisher: Federal Reserve Bank of New York
Published: 1998
Place of publication: New York, N.Y
Language: eng
Number of pages: 261
Subjects: Monetary policy; Money market; Board of Governors of the Federal Reserve System (U.S.)
Other titles: U.S. monetary policy & financial markets; US monetary policy and financial markets.; United States monetary policy and financial markets.
Description: This book describes how the Federal Reserve formulates and carries out monetary policy to achieve the twin goals of price stability and sustainable economic growth. The book offers a comprehensive account of the role of the Federal Open Market Committee in setting policy priorities and details the steps taken by the Federal Reserve Bank of New York's Trading Desk to implement those priorities through open market operations. The book also explains how policy is transmitted to the nation's economy through the banking system and financial markets and explores the effects of US monetary policy on economic developments abroad.
Notes: Includes bibliographical references (p. 243-247) and index.