Question
Go to www.federalreserve.gov/FOMC/default.htm, the official Wedsite of the Federal Open Market Committee (FOMC) of the Reserve Board. Scroll down the page and choose the link
Go to www.federalreserve.gov/FOMC/default.htm, the official Wedsite of the Federal Open Market Committee (FOMC) of the Reserve Board. Scroll down the page and choose the link to one of the most recent statements from FOMC meetings.
1) What are the factors cited in this statement that determined the FOMC's decision of changing (or keeping constant) its target for the federal funds rate?
2) Does the Fed have control over the federal funds rate and over bank reserves? if so, can the Fed control both simultaneously?
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
