Why might fed choose intermediate target for monetary policy, Macroeconomics

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Why might fed choose intermediate target for monetary policy

Problem

Why might the Fed choose intermediate targets for its monetary policy, as opposed to directly pursuing its ultimate targets? What are the benefits and the dangers of using these intermediate targets?

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.

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