What Was the Main Reason the Fed Stopped Announcing Growth

question 36

Essay

What was the main reason the Fed stopped announcing growth targets for money aggregates in the early 2000s?

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Definitions:

Uncertainty

A condition of limited knowledge where it is impossible to exactly describe an existing state, future outcomes, or more than one possible outcome.

Unanticipated Ways

Events or outcomes that occur in a manner not previously expected or predicted.

Avoided

The action of deliberately keeping away from or not doing something.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner, with the aim of improving learning and group outcomes.