Reviewing the cpi and other data and unemployment

Reference no: EM133552625

Question: The Federal Reserve's mandate from Congress is to control inflation and to maintain low unemployment. These seem to be contradictory objectives.

For this story you will need to source the following data for the last 25 years;

The Consumer Price Index (CPI) (Bureau of Labor Statistics)
The FED Funds Rate (FRED) (Federal Reserve Board)
Unemployment Rate (Bureau of Labor Statistics)

Your Data Visualizations should be designed to answer the question "Has the FED been able to fulfill the mandate given to it by Congress?"

Remember, the FED raises rate after reviewing the CPI and other data and unemployment (layoffs) occur after company operating costs go up.
Use R Code to find the solution and provide a brief summary.

You shoud use data through available APIs using code that you develop

Reference no: EM133552625

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