Finally, targeting inflation in the vicinity of 4 percent or higher would stretch the meaning of “stable prices” in the Federal Reserve Act. 15  For a more complete listing of the Federal Reserve’s policy actions in recent years, see “The Federal Reserve’s Response to the Financial Crisis and Action to Foster Maximum Employment and Price Stability,” a webpage available on the Board’s website.
Impact of the global financial meltdown on Nigeria  3.1  Impact on the Nigerian economy  It is by now very clear that Nigeria was not insulated from the crisis, especially the second round effect.