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Please discuss why the Fed switched from increasing rates prior to 2007 to reducing interest rates in 2007 and 2008? (15 points) Hint: Think about
Please discuss why the Fed switched from increasing rates prior to 2007 to reducing interest rates in 2007 and 2008? (15 points) Hint: Think about the housing and mortgage markets, the banking sector's risk attitude, and the credit crunch
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