For the March 2020 (2) Press Release, answer the following question.A. For Column 8, complete the range of the Federal Funds Target AND the % change from the previous release.B. For Column 9, decide whether the Fed is buying or selling loans and whether they have increased or decreasedthe amount. FEDERAL RESERVE press releaseFor release at 5 p.m. EDTMarch 15, 2020The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Globalfinancial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challengingperiod on a strong footing. Information received since the Federal Open Market Committee met in January indicates that the labor marketremained strong through February and economic activity rose at a moderate rate. Job gains have been solid, on average, in recent months,and the unemployment rate has remained low. Although household spending rose at a moderate pace, business fixed investment and exportsremained weak. More recently, the energy sector has come under stress. On a 12-month basis, overall inflation and inflation for items otherthan food and energy are running below 2 percent. Market-based measures of inflation compensation have declined; survey-based measuresof longer-term inflation expectations are little changed.Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The effects of the coronaviruswill weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committeedecided to lower the target range for the federal funds rate to 0 to 1/4 percent. The Committee expects to maintain this target range until it isconfident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals. Thisaction will help support economic activity, strong labor market conditions, and inflation returning to the Committee's symmetric 2 percentobjective.The Committee will continue to monitor the implications of incoming information for the economic outlook, including information related topublic health, as well as global developments and muted inflation pressures, and will use its tools and act as appropriate to support theeconomy. In determining the timing and size of future adjustments to the stance of monetary policy, the Committee will assess realized andexpected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. Thisassessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflationpressures and inflation expectations, and readings on financial and international developments.The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promoteits maximum employment and price stability goals. To support the smooth functioning of markets for Treasury securities and agencymortgage-backed securities that are central to the flow of credit to households and businesses, over coming months the Committee willincrease its holdings of Treasury securities by at least $500 billion and its holdings of agency mortgage-backed securities by at least $200billion. The Committee will also reinvest all principal payments from the Federal Reserve's holdings of agency debt and agencymortgage-backed securities in agency mortgage-backed securities. In addition, the Open Market Desk has recently expanded its overnightand term repurchase agreement operations. The Committee will continue to closely monitor market conditions and is prepared to adjust itsplans as appropriate. OMC Press Release ScoresheetReleasesIndicatorsMonetary Policy(Month/Year)Open MarketOperationsEconomicJob GainsUnemploymentHouseholdBusinessInflationFederal FundsActivitySpendingInvestmentTarget (shortrun)Rate TargetLow / High1 2 3 4 5Buying/SellingDecember20191 2 3 4 5 |1 2 3 4 51 2 3 4 5<2% 2%1.5% to 1.75%>2%% change: N/AJanuary, 20201 2 3 4 5 |1 2 3 4 5Low / High1 2 3 4 5<2% 2%>2%1 2 3 4 5to% change:Buying /SellingMarch, 2020 (1) 1 2 3 4 5 1 2 3 4 5Low / High1 2 3 4 51 2 3 4 5<2% 2%>2%to% change:Buying/SellingMarch. 2020 (2) 1 2 3 4 5 1 2 3 4 5Low / High1 2 3 4 5<2% 2%>2%Buying /Selling1 2 3 4 5to% change:

Congress has designated obligation regarding money related approach to the Federal Reserve (the…

For the March 2020 (2) Press Release, answer the following question. A. For Column 8, complete the range of the Federal Funds Target AND the % change from the previous release. B. For Column 9, decide whether the Fed is buying or selling loans and whether they have increased or decreased the amount.

For the March 2020 (2) Press Release, answer the following question. A. For Column 8, complete the range of the Federal Funds Target AND the % change from the previous release. B. For Column 9, decide whether the Fed is buying or selling loans and whether they have increased or decreased the amount.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter13: Sustainability Reporting

Section: Chapter Questions

Problem 6MC: What caused Union Carbides deadly gas leak in Bhopal, India, which killed 3,000 and injured 42,000?...

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