Eco 212 week 5 Individual Assignment Federal Reserve Paper

Individual Assignment: Federal Reserve Paper

·         Resources:U.S. Federal Reserve Web site

·         Locate the section for Monetary Policy and the section for Monetary Policy Report to the Congress, from the U.S. Federal Reserve Web site http://www.federalreserve.gov

·         Read the most recent report by the Federal Reserve Chairman.

·         Write a 700- to 1,050-word paper on the U.S. Federal Reserve’s monetary policy that addresses the following points:

o    Define the purpose and function of money

o    Explain how the central bank manages a nation’s monetary system.

o    Outline the stated direction of recent monetary policy in theUnited States.

o    List at least one policy action that the Federal Reserve has taken to confirm that direction.

o    Explain the effects of monetary policies on the economy’s production and employment.

·         Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

·         Format your paper consistent with APA guidelines.