holding inflation in check, a key requirement for maximum sustainable growth.I believe that the Fed will try to achieve the above stated goals by possible reducing the Federal Funds Target Rate a couple more times, however I do not see them cutting the rates by a large amount as rates are already very low.Since the report which I read our countries economy is also being affected by the September 11 bombing. From newspapers and other sourced I gather that the economy has continued to decline since September 11 because of decreased consumer spending which has led to increased unemployment which has increased our economies downward spiral. The good news from this is that hopefully we are just about to the bottom of this economic cycle and will see an upward trend in our economy shortly.The monetary policy in the United States is aimed at keeping inflation low, employment high, and keep our countries GDP increasing. The lowered interest rates have helped companies to be able to borrow capital to expand their companies which should help to lower unemployment which in turn should help to increase consumer spending. ...
