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What are some of the steps that the federal reserve

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  • Research the action taken by the Federal Reserve in 2008 for preventing further contractions of the economy and money supply.Use the Internet to locate and examine the latest statement provided by the Federal Open Market Committee.

Address the following questions in your response:

  • What are some of the steps that the Federal Reserve took in 2008 to prevent further contractions of the economy and money supply?
  • What were the banks' reactions?
  • How can these actions be compared to the events that occurred between 1929 and 1933? Describe and compare the goals of each monetary policy.
  • After reading the current statement of the Federal Open Market Committee, is there any mention of current dissent on which strategies are appropriate to apply to today's economy?

(This does not have to be a papers-worth long, just enough to answer the questions as needed.)

Reference no: EM132445722

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