Few would deny that it plays a key role in the economy ... and the price level over longer periods. Monetary policy, one of the tools governments have to affect the overall performance of the economy, ...

Monetary policy describes the ways in which the central banks change the money supply in order to accomplish certain economic objectives. In the U.S. this is done by the Federal Reserve.

Despite its recent moves to make interest rates less restrictive, the Fed has not changed its approach to its other key monetary policy tool: its balance sheet. The central bank has continued to allow ...

The Bank began shifting emphasis from the Bank Rate to the target for the overnight rate as its key monetary policy instrument. This shift followed the Bank's introduction of a 50-basis-point ...