Julie Remache

TL;DR: In order to further ease the stance of monetary policy as the economic outlook deteriorated, the Federal Reserve purchased substan tial quantities of assets with medium and long maturities as discussed by the authors.

TL;DR: In order to further ease the stance of monetary policy as the economic outlook deteriorated, the Federal Reserve purchased substantial quantities of assets with medium and long maturities, which led to economically meaningful and long-lasting reductions in longer-term interest rates on a range of securities, including securities that were not included in the purchase programs.

TL;DR: In order to further ease the stance of monetary policy as the economic outlook deteriorated, the Federal Reserve purchased substantial quantities of assets with medium and long maturities, which led to economically meaningful and long-lasting reductions in longer-term interest rates on a range of securities, including securities that were not included in the purchase programs.

TL;DR: In this article, the authors review the Federal Reserve's experience with implementing the large-scale asset purchases through March 2010 and describe some of the challenges raised by such large purchases in a relatively short time.

TL;DR: In this article, the authors examine some potentially important secondary effects of an overnight reverse repurchase agreement (ON RRP) facility, both positive and negative, including impacts on the structure of short-term funding markets and financial stability.