In This Chapter
Monetary Policy Report to the Congress
Discount rate meeting minutes
Quantitative easing and the Fed’s balance sheet
How money supply and bank reserves have gained in importance
We’ve covered the Fed’s reports that lead into, cover, and explain monetary policy decisions at each FOMC (Federal Open Market Committee) meeting. But there are a few other reports that are important for Fed watchers and for those who want to see what impact these reports have on financial markets. And guess what? We finally talk more about quantitative easing!
While the president makes key appointments to the Fed, including picking the chairman, the ...