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explanation for the current lag of employment Since January of 2001 the Fed has reduced its Fed funds rate target from 65% to 1% Nonetheless, the number of people at work is less than (and the unempl

explanation for the current lag of employment

Since January of 2001 the Fed has reduced its Fed funds rate
target from 65% to 1% Nonetheless, the number of people at work is less than
(and the unemployment rate higher than) when the Fed embarked on this
expansionary monetary policy Why hasn’t the Fed’s policy been more effective
over the last 25 years in restoring strong growth and full employment to the
economy? Explain in a few sentences

Mar 16 2020 View more View Less

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