Question
Asked Jul 12, 2019

Comment on the Fed's current monetary policy based on Powell's testimony.

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Expert Answer

The monetary policy is policy which is adopted by the monetary authority (central bank of the country) to stabilize the U.S economy. The major tools that is influences the monetary policy are, open market operation, discount rate and reserve requirement. Jerome Powell is the Federal Reserve Chairman. According to chairman’s testimony, performance of the U.S economy over the first half of 2019 is sensibly well, but in recen...

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