Janet Yellen quote

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.
Janet Yellen
Janet Yellen
Janet Yellen
Born: Aug 13, 1946

Topics

Strong, Control, Plentiful, Rate, Rates, Fed, Federal, Federal Reserve, Between, Balances, Quantity, Enables, Link, Break, Short-Term, Interest, Interest Rates, Turn, Paying, Reserve, Reserves, Level, Funds

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Andrew Yang, Ben Bernanke, Betsy DeVos, Clara Barton, Elizabeth Warren, Hope Hicks, Jerome Powell, Jim Mattis
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