Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

I apologize for the bad English that I offered before, but an alternative to the first sentence that you read that would, I think, be English to Jeff’s fair point—it would be to delete the word “target.” So it says, “To establish a range for the federal funds rate between zero and ¼ percent.” So those are your two options.

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