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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 725 |
Essay's paper body
The rise in oil prices has influenced nearly everything from the ticket costs of airlines to the shipping costs of delivery companies. Inflation is the major concern of the Fed at the moment and actions have been taken to counter the inflation. It is believed that the price of oil will begin to stabilize and inflation will slowly become less of a concern in the future...
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It is believed that the price of oil will begin to stabilize and inflation will slowly become less of a concern in the future. (Bernanke, 2006)
Monetary Policy Direction
Due to its concern of inflation, the Fed has taken several steps to slow inflation rate. The Federal Open Market Committee (FOMC) continued a firm stance of monetary policy...
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