In 2004, the FOMC became concerned about _____
A) inflationary pressures.
B) weak economic growth.
C) rising unemployment.
D) waning consumer confidence.
E) weak capital spending.

Question

Quizplus · Accepted Answer

The FOMC became concerned about inflationary pressures in 2004, as the economy was growing at a steady pace and unemployment was low. In response, they began a series of interest rate hikes to combat inflation.

In 2004, the FOMC Became Concerned About _____