Donald trump recently nominated Jerome Powell to be Chairman of the Federal Reserve. Many believe his monetary policy strategy will be characterized as a "Dove." Which of the following is Not characterized as a "Dove?"
1. rejects proposals to audit the Fed
2. Follows a rule-based policy
3. supports a pro-growth agenda
4. believes slack exists in the labor market
Option 2
Explanation: A dove generally does not follow a rule-based policy and a hawk follows a rule based policy.
Donald trump recently nominated Jerome Powell to be Chairman of the Federal Reserve. Many believe his...
Federal Reserve Chairman Jerome Powell announced the central bank will lower interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Federal Reserve Chairman Jerome Powell announced the Fed will lower its target federal funds interest rate by 25 basis points to a range of 2.0% to 2.25%. Powell stated the Fed still viewed the outlook for the U.S. economy as favorable, but the interest rate cut is...
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