I want to know the answer to the following question:
What is one reason the Federal Reserve lowered the federal funds rate target to 1.0% in 2003?
All the background I'm provided with is that "This was done to soften the effects of the collapse of the dot-com bubble and the September 2001 terrorist attacks, as well as to combat a perceived risk of deflation.". Is that enough to answer the question?
Answer: yes