How do deposit rates react to monetary policy? – Economy of Liberty Street
Alena Kang-Landsberg and Matthew Plosser Editor’s note: When this article was first published, the legend entries for the first chart were transposed; caption corrected (November 21, 9:45 a.m.) When the Federal Open Market Committee (FOMC) wants to raise the federal funds rate target range, it raises interest on reserve balances (IORB) paid to banks, the …
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