The Fed’s plan to be normal

During the GFC, the U.S. Fed slashed its official rate, known as the federal funds rate, down to zero. It also bought U.S. Treasury bonds and mortgage-backed securities on an unprecedented scale in an attempt to keep yields low while expanding the monetary base*, thus (hopefully) injecting money into the U.S. economy. Eight years later, the U.S. central bank thinks it is time to back away from the emergency measures...

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