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The Economy in Perspective

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Monetary policy in a box … The Federal Open Market Committee has reduced its policy-controlled interest rates—the federal funds rate target and the discount rate—three times already this year, and if the majority of Fed-watchers are right, more rate cuts are in the offing. Why are commentators so convinced? There are at least two reasons.

Suggested citation: "The Economy in Perspective," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-04, pp. 01, 04.01.2001.

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