Problem: Visit the Fed's site on open market operations:

https://www.federalreserve.gov/monetarypolicy/openmarket.htm#calendars

Question 1: Pick a given year for the federal funds rate target change. (If you want to pick a year before 2003, click on 'Historical Archive')

Question 2: State which year you selected and what fed funds rate changes occurred during that year.

Question 3: Explain why the Fed opted to make the changes you observed (outside research may be necessary).

Question 4: Do you think the Fed's policies were correct in hindsight? Did they seem to achieve the Fed's goals? Explain your reasoning.