Question: The table below gives the Fed funds rate target at the end of each year shown. Year Federal Funds Target Rate 1 5.00% 2 5.25

The table below gives the Fed funds rate target at the end of each year shown.

YearFederal Funds Target Rate
15.00%
25.25
34.25
40.25


Using these figures, describe how the monetary policy directions changed from Year 1 through Year 4.

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