Q " In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent." (FOMC Statement) What does this mean? Has the Fed adopted a contractionary, expansionary or neutral monetary policy? How will you determine this? What was the Fed's policy trajectory before this statement? What factors have changed that produced this Fed policy decision? Based on your own research throughout this semester, do you agree with this policy or do you disagree with it? Why? (Remember to fully explain your opinion; these are NOT yes/no questions.)
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