Despite noting the economic strength as well as inflation that is on the rise, if just temporarily, the policymaking Federal Open Market Committee unanimously decided to make no changes in its approach and gave no indications that things will change anytime soon. Fed Chairman Jerome Powell said the recovery is "uneven and far from complete." While he noted that inflation pressures could rise in the coming months, these "one- time increases in prices are likely to only have transitory effects on inflation." When interest rates do begin to increase, what action is the FED taking? Contractionary monetary policy Expansionary employment policy Expansionary monetary policy Expansionary fiscal policy

Despite noting the economic strength as well as inflation that is on the rise, if just temporarily, the policymaking Federal Open Market Committee unanimously decided to make no changes in its approach and gave no indications that things will change anytime soon. Fed Chairman Jerome Powell said the recovery is "uneven and far from complete." While he noted that inflation pressures could rise in the coming months, these "one- time increases in prices are likely to only have transitory effects on inflation." When interest rates do begin to increase, what action is the FED taking? Contractionary monetary policy Expansionary employment policy Expansionary monetary policy Expansionary fiscal policy

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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