The Federal Funds Target range set by The Fed

Use the Federal Reserve website www.federalreserve.uov and look under News Releases at FOMC statements for each year during the three periods:
1. 2003-2007 2. 2008-2014 3. 2015-2018

For the first period 2003-2007: Track the Federal Funds Target range set by The Fed and the actual FF rate. Why this range and how did The Fed hit the target range? What OMO policy?
Relate this policy to US economic activity and Taylor’s Rule. For the second period 2008-2014: Track the Federal Funds Target range set by The Fed and the actual FF rate. Why this range and how did The Fed hit the target range? What OMO policy? When discussing The Fed’s OMO policy of this time, you must discuss Quantitative Easing across the period. (Use article QE: How Well Does it Work? by the St. Louis Fed Bank). Why did the Fed have to resort to this unconventional OMO policy? Relate this policy to US economic activity and Taylor’s Rule. For the third period 2015-2018: Track the Federal Funds Target range set by The Fed and the actual FF rate. Why this range and how did The Fed hit the target range? What OMO policy? When discussing The Fed’s OMO policy of this time, you must discuss Policy Normalization. Relate this policy to US economic activity and Taylor’s Rule. •••The use of tables is strongly suggested. The Required Layout of your assignment • You may use additional sources for your assignment’s discussion; attach a reference sheet to your homework. • Your discussion cannot exceed 250 words; you must provide a WORD COUNT in the bottom right hand corner. • In the upper-right hand corner put your name and class period on your assignment ONLY. • TYPE and EDIT. • SINGLE-SPACE ONLY; 11 point font. • NO cover sheet.