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Derby’s Take: A Sense of the Policy Impact of Cuts to the Fed’s Balance Sheet Emerges
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The Federal Reserve appears to be moving toward a more precise understanding of just how potent the bond buying part of its monetary policy regime is.
And based on a new Fed paper and comments by some officials, the effect of the purchases is pretty modest relative to what the central bank can accomplish by changing its federal-funds interest rate target.
Read more on wsj.comAbout this in other media
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