To achieve its target when the federal funds rate is below the Fed's target range, the Fed should:

Name: To achieve its target when the federal funds rate is below the Fed's target range, the Fed should:
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Question

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When the federal funds rate is below the Fed's target range, the Fed should follow a contractionary policy to increase the rate. This involves reducing the money supply or increasing interest rates to tighten financial conditions.

To Achieve Its Target When the Federal Funds Rate Is