Question
I could use advice on the following : Students are required to draft a letter to Jerome Powell, Chair of the Federal Reserve. In the
I could use advice on the following :
Students are required to draft a letter to Jerome Powell, Chair of the Federal Reserve. In
the letter you must clearly articulate your recommendations in regard to the interest rates.
You will propose to the Fed what action should be taken at the next meeting of the
Federal Open Market Committee (increase rates, decrease rates, keep them the same).
The most important part of this letter is not your recommendation, but your supporting
information and research used to make the recommendation. You should consider using
both leading and lagging economic indicators in your discussion. It is extremely
important to cite your references for this project so the specific economic data can be
verified if necessary. Remember, you must support your recommendation and attempt to
persuade those reading your letter that your opinion is the right one.
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