Which of the Following Statements Is an Example of the Fed's

Multiple Choice

Which of the following statements is an example of the Fed's conditional commitment policy?

A) "In these circumstances,the Committee believes that policy accommodation can be maintained for a considerable period."
B) "The Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time."
C) "Policy accommodation can be removed at a pace that is likely to be measured."
D) "The exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent,and inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal."