Why did the committee decide to update its guidance?
Yellen: Policy Statement Indicates Fed Can Be Patient

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Business, Social Studies
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To decrease employment rates
To focus on past economic events
To increase interest rates immediately
To align with the end of the asset purchase program
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic condition is mentioned as improving in the second section?
Increasing asset purchases
Rising inflation
Strengthening US economy
Decreasing employment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the committee's target inflation rate?
1%
1.5%
2%
2.5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the committee's stance on reducing policy accommodation?
No reduction planned
Patient approach
Gradual reduction
Immediate reduction
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does the committee consider it likely to begin the normalization process?
Never
After a few meetings
In the next meeting
Immediately
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