
The Fed Relies on Healthy Banks to Transmit Monetary Policy
As economists learn more about how monetary policy works, it has become increasingly important to understand the role of banks.
The Federal Reserve is one of the most important and least widely understood tools that the United States has to ensure a strong economy for all. The Center for American Progress’ series on monetary policy is about broadening understanding and discussion of how the Fed can best work for all Americans.
As economists learn more about how monetary policy works, it has become increasingly important to understand the role of banks.
Researchers and policymakers have dug deeper into how monetary policy works over the past generation. Here are some of the major insights.
Getting up to speed on how monetary policy affects the economy is not hard, and it is important to understand where economists are and how they got here.