Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/β‰ˆ275 words
Sources:
Check Instructions
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Federal Reserve: The Changes on Monetary Policy Due to Covid-19

Essay Instructions:

Writing Instruction • Read the attached press release on March 15 after the FOMC meeting. Write a short essay to address the following questions: o What were the monetary policy changes in the meeting? What monetary policy tools did they use to make those changes? How did they use them? o How did they justify their decisions? That is, what changes in the economy push them to the policy response? o How do you expect the stock market would respond to the policy changes, and why? Check what were the main stock price indices (NASDAQ, S&P500, Dow Jones) in 3 days following the meetings. Were the changes consistent with your anticipation? If not, try to explain why. • Do NOT commit plagiarism! • The essay should be written in a Word file within 1-2 pages, with 12-point Times New Roman font, single-line spacing, normal margins and justified text alignment. Failure to follow the rules will impact your score negatively. • Submit by 11:59PM EDT Friday, May 1 onto Blackboard.

Essay Sample Content Preview:

Federal Reserve
Student’s Name
Institutional Affiliation
Federal Reserve
The FOMC meeting on March 15, 2020, ended with the recommendation of several monetary policy changes due to the ongoing COVID-19 crisis. One of the monetary policy changes was the setting of the interest of required and excess reserve balances at 0.10% (Board of Governors, 2020). More so, the FOMC decided that the New York Federal Reserve Bank Desk should conduct transactions by use of the open market operations (Board of Governors, 2020). In this sense, the desk was instructed to conduct purchases at rates that enhanced smooth operations for Treasury securities (Board of Governors, 2020). The desk was also directed to do overtime repurchase agreement operations to ensure reserves’ supply is adequate.
Furthermore, the Board of Governors resolved to lower the initial rate of credit to 0.25% (Board of Governors, 2020). The FED uses four main monetary policy tools, which are: discount rates, reserve requirements, open market operations, and interests on reserves. During the me...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Essay Samples: