In early March 2020, the Fed cut the target for the federal funds rate by 0.5 percentage
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In early March 2020, the Fed cut the target for the federal funds rate by 0.5 percentage points. An article on bloomberg.com stated that the Fed took the move to “protect the longest-ever economic expansion from the spreading coronavirus.” Was the Fed successful in keeping the U.S. economy out of a recession? Briefly explain the difficulty the Fed faced in keeping the economic expansion that had begun in June 2009 going.
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Image transcription text 22 21.9615 0.6588 4.0606 0.3248 0.4648 35.1371 0./891 16 15.7412 0.4739 2.6706 0.3107 0.4507 35.1685 0.0258 10 9.9197 0.2982 1.4440 0.2890 0.4291 35.2908 0.0166 6 6.6168...
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