The FOMC Issues a Policy Directive That

Multiple Choice

The FOMC issues a Policy Directive that

A) specifies an exact numerical value for the fed funds rate.
B) communicates whether the rate is likely to go up or down in the future but does not specify a numerical target value.
C) targets the growth range for the money supply until the next FOMC meeting.
D) is kept secret from the public until the minutes have been approved at the next FOMC meeting.