U.S. Monetary Policy and Financial Markets

The Story

US Monetary Policy and Financial Markets 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 take 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. An illuminating guide to a complex and important subject, US Monetary Policy and Financial Markets will interest students of money and banking, market participants and the general public.