ECO 203 Principles of Macroeconomics NO PLAGIARISM PLZ discussion 2

By law the Federal Reserve is required to monitor unemployment and inflation. Respond to the following components:

• How does the Federal Reserve accomplish these goals?
• What are the pros and cons of using contractionary and expansionary monetary policy tools under the following scenarios: recession or depression and robust economic growth?
• What tool is the most appropriate among the different monetary policy tools available today?

Your initial post should be a minimum of 300 words.