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In 2001, the FOMC Lowered the Target Federal Funds Rate

question 33

Essay

 In 2001, the FOMC lowered the target federal funds rate eleven times, cutting the rate from 6½ percent to 1¾ percent. Why didn't the Fed just cut the rate by larger amounts early on? 


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Monetary benefits received for work done or for investment made, including salaries, bonuses, dividends, or capital gains.

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