Why Did the Fed Switch from Increasing Rates Prior to 2007

question 13

Essay

Why did the Fed switch from increasing rates prior to 2007 to reducing interest rates in 2007 and 2008?

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Definitions:

Lobbying Regulation

Regulations and policies aimed at overseeing and controlling the activities and influence of lobbyists and lobbying groups on government decisions and policy-making.

Supreme Court Decisions

Rulings made by the Supreme Court, the highest federal court in the U.S., which serve as legal precedents and interpretations of the law.

Campaign Finance

Refers to the funding of political campaigns, including the regulation and disclosure of where the money comes from and how it is spent.

Independent Expenditures

Expenses made by individuals or groups to support or oppose a political candidate or issue, without coordination with any candidate’s campaign.