The Federal Reserve publication that discusses forecasts for the economy is known as the

In response to the Covid-19 pandemic, the U.S. Federal Reserve has lowered the target federal funds rate to a rate of 0.0% to 0.25% (down from 1.5% to 1.75% in February). From a monetary policy perspective, what is the goal of lowering the target federal funds rate?

The Chairman or Chairlady or Fed Chair (a politically correct term) of the Federal Reserve Bank has the power to override the votes of the FOMC and can independently carry out the monetary policy that they want as an individual. The FOMC is merely an advisory board to the Fed Chair. The FOMC has no real power, it's the Fed Chair (currently Jerome Powell) who has 100 percent of the power over U.S. monetary policy.

Suppose in the economy of Apple Republic, the demand for money is given by Md = $Y (0.3 - i), where $Y = 100 and the supply of money (Ms) is $20. a. What is the equilibrium interest rate (i)? Answer: i = [ Select ] v %. b. If the central bank increases money supply (Ms) to $25, what is the impact on the interest rate? Answer: Interest rate (i) will [ Select ] to [ Select ] %.