Briefly summarize the rationale for the target change

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Reference no: EM131221830

From the text Web site, connect to the site of the Federal Reserve Board, which includes minutes from FOMC meetings. Choose any meeting at which the committee changed its federal funds rate target.

a. Based on the minutes, briefly summarize the rationale for the target change.

b. Does the FOMC's action appear consistent with the Taylor rule? Explain.

c. Did any members dissent from the committee's decision? If so, why did they dissent?

Reference no: EM131221830

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