What is the federal funds rate and why is it important? With the producer price index currently increasing by over 9% per annum, consumer prices increasing at an annual rate of over 7%, and residential real estate prices increasing by over 20% per annum in most major US cities, what actions do you suppose the Fed will take to return the consumer price growth rate to under 3% while fulfilling their other two directives? Do you think the current inflationary pressures are temporary or permanent? Why? What do you think the Fed should do?

For This or a Similar Paper Click Here To Order Now