Question
On December 19, 2018, the Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to
On December 19, 2018, the Federal Open Market Committee "decided today to raise its target for the federal funds rate by 25 basis points to 2.25 to 2.5 percent".
a. What is dual mandate of the Federal Reserve of the US?
b. What would the Fed have done with a traditional sense of open market operation? How would this affect the level of money supply through the money creation process?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
