The Federal Reserve raised interest rates for the third time this year. The decision, which was expected, is a sign of increased confidence in the US economy. Unemployment is low, economic growth is strong, and inflation is relatively stable. Policymakers under Chairman Jerome Powell unanimously agreed to raise the federal funds rate a quarter percentage point, to a range of 2% to 2.25%. The rate helps determine rates for mortgages, credit cards and other consumer borrowing. The Moticy Fool Pas Parts) You Can Still Buy This "Mitlionalre Maker" Stock Answer the following questions: 1. Is the monetary policy mentioned in the news contractionary or expansionary? 2. After this policy is implemented, what do you expect to happen regarding the aggregate demand? Briefly explain. 3. Some people criticized the Fed and said this policy would be very bad for the U.S. economy. Explain briefly the reason that they might have to have this argument. In your opinion, is this policy appropriate for the current U.S. economy? The Federal Reserve raised interest rates for the third time this year. The decision, which was expected, is a sign of increased confidence in the US economy. Unemployment is low, economic growth is strong, and inflation is relatively stable. Policymakers under Chairman Jerome Powell unanimously agreed to raise the federal funds rate a quarter percentage point, to a range of 2% to 2.25%. The rate helps determine rates for mortgages, credit cards and other consumer borrowing. The Moticy Fool Pas Parts) You Can Still Buy This "Mitlionalre Maker" Stock Answer the following questions: 1. Is the monetary policy mentioned in the news contractionary or expansionary? 2. After this policy is implemented, what do you expect to happen regarding the aggregate demand? Briefly explain. 3. Some people criticized the Fed and said this policy would be very bad for the U.S. economy. Explain briefly the reason that they might have to have this argument. In your opinion, is this policy appropriate for the current U.S. economy