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ECO 561 Week 4 Individual Assignment, Inflation and Analyses of Monetary Policies

The Monetary policy is the Federal Reserve’s actions, as a central bank which achieves three specific goals via congress:  maximize employment, stable prices, and moderate long-term interest rates in the U.S. (Board of Governors of the Federal Reserve System, 2017).  Inflation is unforgiving in the economy and throughout the country. Because it directly affects the cost of living and kills the purchasing power of the U.S. currency. This happens when there is little supply of goods and services, but the demand is high. This inflation means you will spend more on goods and services ………………Continued (6 Pages with References)