This document provides information about predicting Federal Reserve policy, including:
- The objectives of Federal Reserve policy are to promote maximum employment and stable prices. It aims to stabilize the economy in the short-run.
- Students will learn to summarize current economic conditions, analyze the Federal Reserve's recent actions, and predict future policy based on economic theories and goals.
- The lecture outlines how monetary policy works through interest rates to influence inflation and growth, and how the Federal Reserve uses tools like open market operations and interest on reserves to affect rates.
This document provides information about predicting Federal Reserve policy, including:
- The objectives of Federal Reserve policy are to promote maximum employment and stable prices. It aim…