Reference no: EM133200015 , Length: 2 Pages
Assignment:
This exercise is designed to assess your ability to manipulate, interpret and analyze data based on a real case.
Should Powell have - or have not - raised interest rates? Read the case referenced on Powell's decision and use the AD/AS model to guide your answers to the following questions:
1. The case refers to Powell's decision in early 2019. Look up data on GDP, unemployment, and interestrates since then
2. How did the macroeconomy fare through 2019? Do you see evidence of a tightening of monetary policy?
3. The FOMC will meet again in 2020. How would you brief the FOMC (or your manager at afirm) on the current state of the US economy? What are the salient features of the data?
4. What is the case against raising interest rates (or for lowering rates)? Prepare a recommendation based on the data and AD/AS reasoning.
INSTRUCTIONS
• The assignment should follow APA or MLA guidelines - that is, your work should be referenced appropriately and fully; double-space, 12-font, etc...