Journal Article

Monetary policy stance: the view from consumption spending


Abstract: We should expect a third business cycle in succession in which the real federal funds rate reaches its trough well after the economy begins to recover.

Keywords: Federal funds rate; economic conditions - United States;

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/09/ES0941.pdf

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2009

Order Number: 41