Sentences with phrase «policy normalization principles»
Back in September 2014, the FOMC released its Policy Normalization Principles and Plans (henceforth «the Framework»), its official statement outlining a three - step normalization strategy, including balance sheet reduction.
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The FOMC's policy normalization principles and plans make the temporary nature of the ON RRP clear by stating that it will be discontinued when it is no longer needed to help control the federal funds rate.26 This intention was noted again in the minutes to the January FOMC meeting.