Question: 1. Excerpt from FOMC Statement Released December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds

1. Excerpt from FOMC Statement Released December 16, 2008 "The Federal

1. Excerpt from FOMC Statement Released December 16, 2008 "The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to %% percent. Since the Committee's last meeting labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite strained and credit conditions tight. Overall, the outlook for economic activity has weakened further.&quot

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