The Fed, at the End of 2015, Announced Its Intent

Multiple Choice

The Fed, at the end of 2015, announced its intent to start "normalizing" monetary policy and returning short-term interest rates to their normal range of 3 percent or higher.Its normalization plan had two major tools,

A) taxation and spending.
B) discount rate and reserve requirements.
C) quantitative easing and open-market operations.
D) paying interest on excess reserves held at Fed banks and reverse repos.