Synopsis: This five-page undergraduate paper examines Fed policies between 1996 and 2003, and discusses the Feds responses to the exuberance of the stock market, its consideration of high-growth-potential thinking, its reaction to the 2001 recession, and its concerns over the possibility of a Japanese-style deflation. The author notes that the Feds objectives have reflected its interpretation of its primary responsibilities, for the Feds monitoring of the stock market, interest in high-growth-potential analysis, and anti-inflationary policies have been quite evident, and generally beneficial to the economy.
