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Monetary Policy and the Federal Reserve System

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Author: Chris Neely
Email: neely@stls.frb.org

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Table of Contents

1. Disclaimer
2. Monetary Policy and the Federal Reserve System
3. The Fed's Objectives
4. The Fed's Main Tool: the Federal Funds Rate
5. The Fed's Main Tool
6. What does the Fed control?
7. What does the Fed control?
8. What is the Fed's strategy?
9. What factors does the Fed consider in making policy?
10. What factors does the Fed consider in making policy?
11. What factors does the Fed consider in making policy?
12. What factors does the Fed consider in making policy?
13. What factors does the Fed consider in making policy?
14. What factors does the Fed consider in making policy?
15. Is Deflation a danger?
16. What is deflation?
17. Why are people afraid of deflation?
18. Why are people afraid of deflation?
19. Why are people afraid of deflation?
20. Should we fear deflation?
21. The End