monetary policy
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As the Fed encouraged banks to rely on reserve deposits over holdings of Treasurys, the quantity of those reserves and the interest rate paid on them became the main tools the central bank uses to implement monetary policy.
We have had unconventional and contractionary monetary policy since 2022.
From Barron's
Also, the Fed has eased monetary policy.
From Barron's
What would a Warsh Fed mean for monetary policy?
From Barron's
The surge in gold reflects investors’ uncertainty about geopolitics, monetary policy, and the economy.
From Barron's
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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.