The Fed's First Forward Guidance in 2009 Was Framed in Terms

question 61

Multiple Choice

The Fed's first forward guidance in 2009 was framed in terms of keeping interest rates low

• A)for an extended period.
• B)at least until a particular date in the future.
• C) based on outcomes for the unemployment rate and inflation rate.
• D)until the next Presidential election.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of laws and government actions, striking down those that violate the constitution.

Marbury v. Madison

The 1803 Supreme Court case that established the principle of judicial review in the United States, confirming the judiciary's authority to invalidate legislation or executive actions deemed unconstitutional.

Bill of Rights

The opening ten amendments of the United States Constitution, ensuring fundamental rights and freedoms to the people of America.

Federal Circuit Court of Appeals

A court within the U.S. federal judiciary system that has appellate jurisdiction over a wide range of cases, including patent law and international trade.