Brief History of Hard & Soft Landings Care of Federal Reserve

Brief History of Hard & Soft Landings Care of Federal Reserve
(AP Photo/Evan Vucci)
This year marks the thirteenth time since 1954 that the Federal Reserve Board’s policy‐​making Federal Open Market Committee (FOMC) began gradually ratcheting up the federal funds rate on bank reserves in a series of recurring steps. Eventually, however, the rate increases always stopped and the FOMC began bringing the “fed funds rate” back down.
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