Federal Open Market Committee’s (FOMC or simply Fed) Announcement
November 8, 2021
Understanding the context behind the Federal Open Market Committee’s (FOMC or simply Fed) announcement The Federal Open Market Committee (FOMC/Fed) swiftly dropped short-term interest rates to zero in reaction to the economic shock of the COVID 19 pandemic in March 2020. It announced large-scale purchases of government, municipal, corporate, and mortgage bond securities. These policies […]
