Not exact matches
Central banks had eased
monetary policy aggressively,
including taking short - term interest rates to near zero in several cases, and some were considering or implementing «
unconventional» measures to deliver additional stimulus.
As the Great Recession set in, the Fed dropped its interest rate target to close to zero, and then was forced to use
unconventional monetary policy tools
including quantitative easing.
Many people are familiar with the FED's
monetary policy responsibilities,
including the FOMC meetings, Federal Funds Rate decisions, Fed Chair's press conference, as well as various
unconventional policies.
By December 2007, the Fed turned to
unconventional monetary policy tools,
including credit easing, quantitative easing,
policy duration commitment, and payment of interest on reserves (see the appendix for details).
By December 2007, the Fed turned to
unconventional monetary policy tools,
including credit easing, quantitative easing,
policy duration commitment, and payment of interest on reserves (see the appendix for details).