The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings during the year and also holds other meetings as needed. Policy statements and minutes of those meetings are posted on the Web site of the Federal Reserve’s Board of Governors, at www.federalreserve.gov/monetarypolicy/fomccalendars.htm. Locate the most recent statement and read it carefully. Identify four macroeconomic policy terms from this statement that are covered in this chapter. In this statement, how does the Federal Reserve characterize the current state of the economy, and what policy actions is the Fed planning to take?