Which of the following statements about FOMC decision-making is false?
A)Once the long-term policy stance is set, the focus of the FOMC shifts to the immediate period.
B)The Fed looks at many indicators to assess current economic conditions and the economic outlook.
C)Given its assessment of current conditions and the economic outlook, the FOMC comes up with short-term policy goals consistent with long-range goals.
D)Short-term policy goals include only the short-term growth path for the fed funds rate.

Question

Quizplus · Accepted Answer

Short-term policy goals include more than just the short-term growth path for the fed funds rate. The FOMC also considers goals for inflation, employment, and stable economic growth.

Which of the Following Statements About FOMC Decision-Making Is False