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The Federal Reserve's Balance Sheet As A Monetary Policy Tool: Past Lessons And Future Considerations, Federal Reserve Governor Michelle W. Bowman, At The 2024 BOJ-IMES Conference, Hosted By The Institute For Monetary And Economic Studies, Bank Of Japan, Tokyo, Japan

<p><span>I would like to thank the Bank of Japan and Governor Ueda for organizing this year s conference and for the invitation to participate in this afternoon s panel.</span><a href="https://www.federalreserve.gov/newsevents/speech/bowman20240528a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span>&nbsp;The topic of "the effects of conventional and unconventional policy instruments" is an important one given central banks expanded use of unconventional monetary policy tools to pursue their mandates over the past decade and a half.</span></p>

Powell Says Fed Won't Hesitate To Tighten More If Appropriate

The Failure of Central Banking: Quantitative Easing

Commentary The world economy has been on a perilous road for over a decade. The Global Financial Crisis .