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The budget deficits of the federal and state governments

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The President has appointed you to the Federal reserve. Mr. Greenspan is considering what the next move of the Fed should be based on current economic data. He has asked all of the regional members to prepare a written executive summary of the actions, or lack of action, the Fed should consider at it's next meeting. Please prepare an "executive summary" of the course the Fed should take at it's next meeting, and state the pro's and con's of the action you recommend, while supporting your position.

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The expert examines the budget deficits of the federal and state governments.

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I would leave rates unchanged at present. The present economic situation would indicate that is the best course of action.

Inflation is currently still under control. Though raw material prices are increasing and even showing shortages in some ...

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