In December 2015, the Fed raised the fed funds rate for the first time in nearly a
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In December 2015, the Fed raised the fed funds rate for the first time in nearly a decade, and gradually increased interest rates over a prolonged period of time after that. However, the Fed continued to reiterate in its policy statements during this time that “the stance of monetary policy remains accommodative.” Explain this seeming contradiction.
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Even though the Fed was raising its conventional policy i...View the full answer
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Related Book For
Economics of Money Banking and Financial Markets
ISBN: 978-0134733821
12th edition
Authors: Frederic S. Mishkin
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