. Review the recent FOMC statement and answer the following questions: (a) What is the Committee' statutory mandate? (b) What is the Committee's target range for the federal funds rate? (c) What is the Committee's inflation objective? (d) Explain how the FOMC''s reference to a symmetric 2 percent objective is seen in the central bank loss function. (e) Did all FOMC members vote for the monetary policy action? If not, who dissented and what was their policy proposal?