In 2007, the Fed raised its target federal funds rate to prevent unemployment and a recession.

Name: In 2007, the Fed raised its target federal funds rate to prevent unemployment and a recession.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

The Fed raised its target federal funds rate in 2007 primarily to combat inflation, not unemployment or a recession. However, this move is often criticized for contributing to the financial crisis and subsequent Great Recession.

In 2007, the Fed Raised Its Target Federal Funds Rate