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- W2330528581 abstract "Today the Federal Open Market Committee (FOMC) took two bold steps forward in the conduct of policy. First the Fed moved to a range for the Fed funds target range. This effectively recognizes the Fed’s difficulty in controlling any precise funds rate at this low target and under current circumstances. Second, the Fed will “employ all available tools to promote the resumption of sustainable growth and to preserve price stability.” Effectively, the Fed is committing to a continued expansion of its balance sheet to support financial markets and the U.S. economy. The Fed lowered its target for the federal funds rate by at least 75 basis points to a range of zero to 25 basis points, the lowest rate in more than fifty years. Monetary policy continues to adjust to an environment of economic recession, lower inflation expectations and the imbalance of asset valuations. “Please, Spock, do me a favor…and don’t say it’s fascinating”" @default.
- W2330528581 created "2016-06-24" @default.
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- W2330528581 date "2008-01-01" @default.
- W2330528581 modified "2023-09-24" @default.
- W2330528581 title "FOMC December Meeting: To Boldly Go…" @default.
- W2330528581 hasPublicationYear "2008" @default.
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