What important U.S. Government policy does the Federal Reserve control? What U.S. monetary policy tool does the Federal Open Market Committee (FOMC) control? What is the primary U.S. monetary policy target of the FOMC’s open market operations? In its post-meeting announcement on June 19, 2019, what did the Federal Reserve (i.e., the Fed) suggest it would do in the near future? What is the federal funds rate? When the Fed announces that it will reduce the federal funds rate (FFR), what effect does that have U.S. market interest rates? What short-run effects does an expansionary U.S. monetary policy have on the U.S. economy? What long-run effect does an expansionary U.S. monetary policy have on the U.S. economy? If the Fed did switch from a contractionary U.S. monetary policy to an expansionary policy in mid-2019, would that be an efficiency improvement for the U.S. economy? Discuss. Create your own question related to this article, then answer it.
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