In 2001, the FOMC became concerned about _____
A) high inflation.
B) robust economic growth.
C) strong consumer confidence.
D) waning consumer confidence.
E) strong capital spending.

Question

Quizplus · Accepted Answer

In 2001, the FOMC (Federal Open Market Committee) became concerned about waning consumer confidence, which was a significant factor contributing to the economic slowdown and the decision to adjust monetary policy to stimulate the economy.

In 2001, the FOMC Became Concerned About _____