(This is for a discussion post in my Money, Banking, and Financial Markets class.)

Go to the Federal Reserve Board's website and locate the FOMC's most recent statement. What did the committee members say at their last meeting regarding the target range for the Federal funds rate and the two goals of price stability and sustainable economic growth? Do you agree with this policy direction? What impact do you think the statement will have on the economy?

Here a few posts from my classmates:

1: They decided to rise the interest rate paid on required and excess reserve balances to 2.20%. The FOMC voted to authorize and direct the open market desk at the federal reserve bank of New York, until instructed to do otherwise, to execute transactions in the System Open Market Account in accordance with following the domestic policy directive. I think it will help the labor market conditions, it will help with not being bombarded with inflation so bad to help with financial/international developments.

2: The meeting was to increase the target range for the federal funds rate so it will be consistent with the sustained expansion of economic activity, strong labor market conditions, and inflation. The Committee also decided to keep the target range for the federal funds rate at 2 to 2-1/4 percent. I think the policy shouldn't change if it's seen positive results already, it's already brought down unemployment and has strengthen the labor market.

3: The FOMC statement came in part from the November 2018 meetings, in which the decisions on certain increases were at hand. Increases in the target range for the federal funds rate to be able to accommodate expansion of economic activity, stronger labor markets, as well as inflation are among decisions to be made. The decision to raise the interest paid on reserve balances to 2.20% was made. The policies are changing and in my opinion should not have been tampered with. The Fed policy has been working, so why alter?