The Fed has announced a new, lower target for the federal funds rate;in other words the Fed

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The Fed has announced a new, lower target for the federal funds rate;in other words the Fed wants to lower the federal funds rate from its present level. What does setting a lower target for the federal funds rate have to do with open market operations?
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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