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Economic textbooks say there are three tools available to the Fed: changes in reserve requirements; changes in the interest rate paid on bank reserves; and
Economic textbooks say there are three tools available to the Fed: changes in reserve requirements; changes in the interest rate paid on bank reserves; and open market operations. In the last two years, with the pandemic threatening thesurvival of the economy, the Fed launched a variety of new programs to support businesses, consumers and financial institutions during these trying times. What are a few (name at least 5) of the Fed;s new tools
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