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A consequence of quantitative easing is that: the Fed is no longer able to influence the fed funds rate. it is difficult for the Fed
A consequence of quantitative easing is that:
the Fed is no longer able to influence the fed funds rate. | ||
it is difficult for the Fed to influence the fed funds rate using open market operations. | ||
the Fed now targets the discount rate to influence the fed funds rate. | ||
the IOER rate as a monetary policy tool has been rendered ineffective. |
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