Did the fomc change the interest rate paid on bank reserves

Reference no: EM131303885

Go to www.federalreserve.gov, the Web site for the Federal Reserve Board of Governors, and read the most recent Federal Open Market Committee (FOMC) press release. At the Web site, select "Monetary Policy" at the top of the screen and then select "Federal Open Market Committee" on the far left of the screen. Select "Meeting Calendars, Statement, and Minutes." Finally, scroll down and select Statement for the date of the most recent FOMC meeting. Answer the following questions on the basis of the FOMC press release:

a. What did the FOMC do with the target for the federal funds rate?

b. On balance, does the FOMC appear to be more concerned about slow economic growth or high inflation?

c. What did the Board of Governors do with the discount rate?

d. Did the FOMC change the interest rate paid on bank reserves? Did it use the term deposit facility or any other lending facility?

e. Did the Fed announce that it was going to conduct quantitative easing-that is, buy long-term securities?

Reference no: EM131303885

Questions Cloud

List the learning delivery methods you want to use : Describe how you will collaboratively develop and get agreement on a learning plan. List the learning delivery methods you want to use and explain why they are appropriate to the learning goals, and the learning style of participants

What is a sterilized intervention : How would the Fed carry out a sterilized intervention in the foreign exchange market?

What is a foreign exchange market intervention : If the Fed sells $2 billion of foreign assets, what happens to the Fed's holdings of international reserves and to the monetary base?

What is the major task of promotion : What is the major task of promotion? Do firms ever use promotion to accomplish this task and fail? If so, give several examples.

Did the fomc change the interest rate paid on bank reserves : On balance, does the FOMC appear to be more concerned about slow economic growth or high inflation?

Describe the possible objectives of promotion : Describe the possible objectives of promotion, and discuss the circumstances under which each objective might be used.

Determine which promotional methods to include : What forms of interpersonal communication besides language can be used in personal selling?- How do target-market characteristics determine which promotional methods to include in a promotion mix?

What evidence is there of monetary excesses : John Taylor has argued that there "is clear evidence of monetary excesses during the period leading up to the housing boom."

Products characteristics affect the composition : How can a product's characteristics affect the composition of its promotion mix?- Evaluate the following statement: "Appropriate advertising media are always available if a company can afford them."

User Account

All Pages