What Important Change Did the Fed Make in Its FOMC

question 49

Essay

What important change did the Fed make in its FOMC statement in February 2000? What change in the FOMC's views on the economy became evident from the FOMC statements issue between November 2000 and January 2001?

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Definitions:

Great Railroad Strike

A significant labor action in 1877 in the United States, where railroad workers launched a strike due to wage cuts, leading to widespread unrest.

Baltimore & Ohio

The Baltimore and Ohio Railroad, established in 1827, notable for being one of the oldest railroads in the United States and a key development in American transportation history.

Depression

A severe and prolonged downturn in economic activity characterized by significant fall in spending and employment, often exemplified by the Great Depression of the 1930s.

National Guard

A reserve military force composed of state National Guard militia units, which operates under state and federal law, and is under the dual control of the state and the federal government.