Abbreviations

Monetary Policy Report submitted to the Congress on March 3, 2023, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
AUM
assets under management
COVID-19
coronavirus disease 2019
EME
emerging market economy
FOMC
Federal Open Market Committee; also, the Committee
GDP
gross domestic product
MBS
mortgage-backed securities
MMF
money market fund
ON RRP
overnight reverse repurchase agreement
PCE
personal consumption expenditures
SOMA
System Open Market Account
S&P
Standard & Poor's
VIX
implied volatility for the S&P 500 index
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Last Update: March 03, 2023