Nba 5245 - Study guides, Class notes & Summaries

We discussed about the tools of monetary policy. The main tools are: open market operations, minimum bank reserve requirements, discount window lending, interest rate on excess reserves. Chapter 13 2 / 42 Fed Cuts Rates by a Quarter Point in Precautionary Move, WSJ, July 2019 The Fed decided to cut rates by a quarter percentage points–the first reduction since 2008. This action was taken as a preemptive strike to cushion the economy from a global slowdown and continuing trade tensi...