Which of the following best describes how the Federal Reserve might use the current ample reserves framework to reduce inflation during an expansion to achieve its low and predictable levels of inflation objective?
Buy Treasury securities in the open market to increase the FFR.
Sell Treasury securities in the open market to decrease the FFR.
Increase the target rate range for the FFR by increasing the IORB rate
Decrease the target rate range for the FFR by lowering the ON-RRP rate