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Article Summary In a July 2015 Interview on CNBC,Republican Senator Pat Toomey

question 33

Multiple Choice

Article Summary
In a July 2015 interview on CNBC,Republican Senator Pat Toomey expressed concern that interest rates remained low and that it was time for the Fed to announce a date for interest rates to rise and to stick with that date.In the interview,Toomey stated "The Fed no longer has credibility,and you can see that.The divergence between the futures markets and the Fed's own projections about what they're going to do about interest rates-this is a huge problem." A member of the Senate banking committee,Toomey has called on the Fed to adopt a rule which would require it to explain how monetary policy would be set,as well as explain to Congress any reasons for deviations from the rule.In a 1977 amendment to the Federal Reserve Act,Congress has mandated that the Fed act to maintain stable prices,maximize employment,and stabilize long-term interest rates.
-Refer to the Article Summary.If the Federal Reserve's announcements about upcoming monetary policy decisions are not seen as credible,as Senator Pat Toomey alludes to regarding the Fed's changing projections as to when they would increase interest rates,which of the following would you expect to see?

Definitions:

Dream Job

The ideal employment position one desires, typically fulfilling both personal and professional satisfaction.

Financial Aid

Assistance given to individuals to help cover education-related expenses, typically in the form of grants, scholarships, or loans.

Career Planning

The process of establishing career objectives and determining appropriate educational and developmental programs to further develop the skills needed to achieve career goals.

Providing Customer Service

The act of assisting and serving customers to meet their needs and ensure their satisfaction with a product or service.