Janet Yellen Quotes

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

Recitation: by Male by Female

Author Biography

  • Author Profession: public
  • Nationality: american
  • Birth: August 13, 1946

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