Go to https://www.federalreserve.gov/monetarypolicy/fomc.htm. This site reports activity by the FOMC. Click on “Meeting calendars and information” and click on the statement released after the most recent FOMC meeting. Summarize this statement in one paragraph.

Be sure to note what the committee decided to do to the federal funds rate target. Now review the statements from the past two meetings. Has the stance of the committee changed?