What are the objectives of this interest rate what are the, Business Economics

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What are the objectives of this interest rate what are the

By the Mid of December 2015, The FEDERAL RESERVE BANK has increase the the target range for the federal funds rate to 1/4 to 1/2 percent.

1. What are the objectives of this interest rate?

2. What are the PROS and CONS of raising the rate of interest?

3. Who are the gainers and losers of such monetary policy?

4. What is your general personal opinion (in support or against) about this monetary policy?

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