Discuss the 2017 monetary policy of the Federal Reserve (The Fed). ♦ Track the changes in the targeted Federal Funds Rate (FFR) over the period 2004-2017. Break it down roughly into: Pre-Recession
(2004-2007); Recession (2008-2009); Post Recession (2010-2012); Recovery (2013-2017). 4 Relate these changes in the targeted FFR to economic conditions and changes in economic conditions,
(specifically employment, housing market, consumer inflation) in each of the above periods.