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Maintaining a Low Inflation Environment


Immediately after its March 25 meeting, the Federal Open Market Committee (FOMC) announced that it had "decided to tighten money market conditions slightly, expecting the fed funds rate to rise 14 percentage point to around 5 12 percent." This was the Committee's first action in almost 14 months and the first increase since January 1995.

Immediately after its March 25 meeting, the Federal Open Market Committee (FOMC) announced that it had "decided to tighten money market conditions slightly, expecting the fed funds rate to rise 14 percentage point to around 5 12 percent." This was the Committee's first action in almost 14 months and the first increase since January 1995.


Suggested citation: Carlson, John B., 1997. "Maintaining a Low Inflation Environment," Federal Reserve Bank of Cleveland, Economic Commentary, 03.01.1997.

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