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Keynote Speech: Federal Reserve Policy in the Post-Crisis Period

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  • Mark Wynne

Abstract

The Federal Open Market Committee (FOMC) engaged in a series of extraordinary monetary policy actions in the wake of the Global Financial Crisis of 2007-2008 to support economic activity in the United States. Interest rates were lowered to their effective lower bound and the Fed's balance sheet was greatly expanded through a series of large-scale asset purchase programs. As the U.S. economy has recovered, "normalization" of monetary policy (which will be data-dependent) has drawn closer. This article reviews some factors that may impact the post-normalization course of monetary policy.

Suggested Citation

  • Mark Wynne, 2015. "Keynote Speech: Federal Reserve Policy in the Post-Crisis Period," The International Trade Journal, Taylor & Francis Journals, vol. 29(5), pages 346-360, December.
    • Handle: RePEc:taf:uitjxx:v:29:y:2015:i:5:p:346-360
    DOI: 10.1080/08853908.2015.1077757
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    References listed on IDEAS

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    1. Amrita Chhachhi & Matías Vernengo & Kirsten Ford, 2014. "Everything Must Change so that the IMF Can Remain the Same: The World Economic Outlook and the Global Financial Stability Report," Development and Change, International Institute of Social Studies, vol. 45(5), pages 1193-1204, September.
    2. John B. Taylor, 2009. "Getting Off Track - How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis," Books, Hoover Institution, Stanford University, number 3.
    3. Janet L. Yellen, 2012. "The Economic Outlook and Monetary Policy : a speech at the Money Marketeers of New York University, New York, New York, April 11, 2012," Speech 638, Board of Governors of the Federal Reserve System (U.S.).
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