ECON 2020 Extra Credit

For January 31st This post, and all others back to the start of the semester are the ones I may ask short answer extra credit questions about on Exam 1.  *** On Wednesday we just looked at some random news links about the FOMC's monetary policy decision ( this was one , and here is another ). Keep in mind that those articles were being updated in real time, so they may look a little different with the passage of time. As expected, they kept their target interest rate in the same range. They announce this at a press conference with a Q&A afterwards. Here's a video , and here's a transcript of the official statement . (Note that the video is one of those live event thingies where they just put the camera on and let it run ... so it's almost 2 hours long, but the speaker (Chairperson Jerome Powell) doesn't even come out until about the 59 minute mark). Those statements are super carefully worded because a lot of money is riding on potential interest rate changes; i