Write a directive to the new york fed

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Suppose you are a member of the FOMC, and the U.S. economy is entering a recession. Write a directive to the New York Fed about the conduct of monetary policy over the next two months. Your directive should address targets for the federal funds rate, the rate of inflation, and the foreign exchange value of the dollar versus the Japanese yen and euro. You may refer to the Federal Reserve Bulletin for examples since this publication reports FOMC directives

Reference no: EM131347315

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