o Explain how the central bank manages a nation’s monetary system. o Outline the stated direction of recent monetary policy in theUnited States.

Individual Assignment: Federal Reserve Paper · Resources:U.S. Federal Reserve Web site · Locate the section forMonetary Policyand the section forMonetary Policy Report to the Congress, from the U.S. · 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. · Citeyour 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.

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