In a sequence of nine steps between December 2015 and December 2018, the Federal Reserve increased its
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In a sequence of nine steps between December 2015 and December 2018, the Federal Reserve increased its policy interest rate target range by 2.25 percentage points from a historically low level of close to zero. If central banks use interest rates to moderate business cycle swings in the economy, what might you infer about the Fed’s view of the strength of the economy over this time period?
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Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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