U.S. Monetary Policy Discuss the monetary policy target for the Federal Funds target range in the FOMC. Meeting of December 2019 (https://www.federalreserve.gov/monetarypolicy/fomcpresconf20191211.htm)
- Based on key economic indicators (Additionally to the data presented in the case, you may consult key economic indicators data available at https://fred.stlouisfed.org/categories, https://www.bls.gov/ , https://www.bea.gov/, among other data sources mentioned in class.
- Please specify the data sources consulted.) (inflation rate, unemployment rate, labor force participation, GDP growth, government spending, and others mentioned in the case) for 2019, discuss the Fed decision considering its dual mandate.
- Use the AD-AS model to illustrate the economic state of the economy, and the monetary policy goals.