Focus on Economic Data: The Federal Reserve System and Monetary Policy - February 2, 2005
Source: Council for Economic Education (EconEdLink) | Type: Lesson
The Federal Reserve continued a pattern of gradually increasing its target for short-term interest rates. It was the sixth consecutive increase of .25 percent. The Federal Reserve is steadily reducing the monetary stimulus which it used to encourage expansion in the U.S. economy following the 2001 recession.
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