The FOMCs success in meeting its objectives is enhanced by: a. Its independence, which comes from its

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The FOMC’s success in meeting its objectives is enhanced by:

a. Its independence, which comes from its members’ long terms, budgetary autonomy, and the irreversibility of its policy decisions.

b. Clear communication of its policy decisions through an explanatory statement that is distributed immediately, through a quarterly press conference, and through minutes that are published three weeks after each scheduled meeting.

c. Regular public appearances of the committee’s members.

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Mar 21, 2024 05:42 AM

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The FOMCs success in meeting its objectives is enhanced by: a. Its independence, which comes from its

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The correct answer is b Clear communication of its policy decisions through an explanatory statement that is distributed immediately through a quarter...View the full answer

Money Banking And Financial Markets

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