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Explain (a) why the Fed had to adopt a corridor framework and set the three different target interest rates after Quantitative Easing (QE) programs. Also,

Explain (a) why the Fed had to adopt a corridor framework and set the three different target interest rates after Quantitative Easing (QE) programs. Also, (b) explain why the Fed funds rate target is allowed to fluctuate only within the band (the ceiling rate and the floor rate)

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