Endnotes [*]  I thank Max Wakefield for valuable assistance in preparing this material. [1]  See Debelle G (2018), ‘Risk and Return in a Low Rate Environment’ Speech at Financial Risk Day, Sydney, 16 March.
4 In addition, the FOMC has the option of  2  For further details on these tools and the Federal Reserve’s exit strategy, see Ben S. Bernanke (2010), "Federal Reserve’s Exit Strategy”, statement before the Committee on Financial Services, U.S. House of Representatives, February 10.