question archive In the fall of 2002, the Fed voted to decrease the federal funds rate target on several different occasions, reducing it from 3% to 1
In the fall of 2002, the Fed voted to decrease the federal funds rate target on several different occasions, reducing it from 3% to 1
Subject:EconomicsPrice:2.88 Bought3
In the fall of 2002, the Fed voted to decrease the federal funds rate target on several different occasions, reducing it from 3% to 1.75%.
What action in the "open market" would the Fed's trader have had to take, other things equal, in order to induce this decrease in the federal funds rate?
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