Problem
As part of its response to the subprime financial crisis, the Fed lowered the federal funds rate target to nearly zero by December 2008, a considerable easing of monetary policy. However, survey-based measures of five to ten year inflation expectations remained low until February 2010. Comment on the Fed's credibility to fight inflation.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.