Make sure to explain in words or show mathematically how you arrived at your answers: rounding to the nearest 0. 1 percent, calculate the mean, median and mode for the. Consumer price index - all urban consumers (cpi-u) for 2012, 2011 and 2002, separately. Do you think the fed should have been more concerned about inflation in 2012 than they were in. The mean in the year 2011 increased due to inflation. The inflation in 2012 should not have raised major concerns since it was lower than the inflation rate in 2011: based on the shape of this graph, describe the fed"s policy regarding the federal. The fed implemented contractionary policy between 2003 and 2005. Between 2007 and 2009 the fed implemented expansionary policy. From 2009 and 2013, the fed wanted to retain the economic condition: the fed"s target unemployment rate is 6. 5 percent.