Problem
Go to the FOMC page of the Federal Reserve Board's website to find the statement issued after the most recent FOMC meeting. (Click on "Meeting calendars and information" and then click on the most recent statement listed in the calendar.)
a. What is the target federal funds rate?
b. Is the target federal funds rate different from the target federal funds rate in the previous FOMC statement? If yes, by how much does it differ?
c. Does the statement comment on current macroeconomic conditions in the United States? How does it describe the U.S. economy?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.