Between 63016 and 63017 the FOMC has increased the target fe

Between 6/30/16 and 6/30/17 the FOMC has increased the target fed funds range 3 times. True or False?

Solution

Ans: True, FOMC stands for Federal Open market committee, that is controlling the open market oprations(OMO) by controlling the Federal funds rate by decing on its range over the period i.e. the interest rate at which depsoitory institution can lend each other overnightly.

FOMC has increased its rate from 6/30/16 to 6/30/17 three times i.e. from 0.25 - 50 level to 1.00 to 1.25 level in Dec.2016,Mar.17 and June 2017.