Reference no: EM132426839 , Length: 10

The Federal Reserve offers to the general public numerous publications available at the website of the Federal Reserve Board here.

• The Federal Reserve Board testimonies, press releases, monetary policy reports, the Beige Book, and a variety of other publications offer a detailed assessment of current economic activity, financial markets, and the monetary policy tools used to promote economic activity and preserve price stability.

• Go to the website of the Federal Reserve Board at www.federalreserve.gov and find the section describing monetary policy tools. Explore conventional and non-conventional tools of monetary policy.

Write an Nine to Ten (9-10) page paper:

1. Evaluate the role and effectiveness of the Federal Reserve in stabilizing the economy since the 2007-2009 recession and its continued impact on the current state of the economy:

• Use data from the Fed publications and other sources to support all of your positions.

1. In your discussion make sure that you cover:

• The monetary policy tools.
• The ways in which the Federal Reserve adjusted the tools in response to the financial crisis of 2007-2009.
• Based on your research, did the financial crisis of 2007-2009 compromise the independence of the Federal Reserve?
• The strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.
• Based on your research, should the Fed change some of its current monetary policy targets, such as the 2-percent inflation target?