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How Does the Fed Use Its Monetary Policy Tools to Influence the Economy?

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Abstract

The Federal Reserve has a congressional mandate to promote maximum employment and price stability. The May issue of Page One Economics explains how the Federal Open Market Committee (FOMC) conducts monetary policy by setting the target range for the federal funds rate and how the Fed uses its policy tools to steer the federal funds rate into the FOMC’s target range.

Suggested Citation

  • Jane E. Ihrig & Scott A. Wolla, 2022. "How Does the Fed Use Its Monetary Policy Tools to Influence the Economy?," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, pages 1-8, May.
    • Handle: RePEc:fip:fedlpo:94182
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