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Business, 02.03.2020 16:59 Wolfy07

What is the relationship between tools, operating targets, intermediate targets, and ultimate targets? The of monetary policy are those things over which the Fed has direct control such as open market operations. These have a direct effect on such as the Fed funds rate. These in turn will affect such as consumer confidence. It is these that then impact the Fed’s , which are prices, growth, and employment. Because the Fed cannot directly control its , the Fed must rely on adjusting its to try to achieve its .

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