The U.S. Federal Reserve has raised interest rates by 5.25% since March 2022, bringing the target Fed Funds rate to the 5:25% to 5.50% range. The Federal Reserve has been keeping the target Fed Funds rate at 5.5% without further hiking since July 2023. The following is the latest FOMC Press Conference held on March 20, 2024. Task: Question: Discuss the financial and economic consequences of the current tight monetary policy (higher interest rates) of the U.S. Fed. You can discuss the specific benefits and risks of this policy for the U.S. and global economies, businesses, and consumers. Make a posting based on your own readings and research on the above question. Your posting must be between 200 to 300 words. Review the rubric below before you begin your assignment. Make at least 4 specific and separate points in your posting. Number your points as 1,2,3,4