Review week five readings and the following websites and locate information about monetary policy;o http://www.dallasfed.org/educate/everyday/ev4.html;o http://www.stlouisfed.org/inplainenglish/PDF/PlainEnglish.pdf.;Write a 700- to 1,050-word paper on the U.S. Federal Reserve?s monetary policy. Address the following points;o Explain why the Federal Reserve was created. What are its essential functions?;o Identify the decision makers of the Federal Reserve. How are these positions obtained?;o Explain how a central bank manages a nation?s monetary system.;o Explain the differences between fiscal policy and monetary policy.;o Critique a recent decision of the U.S. Federal Reserve.;Format your paper according to APA guidelines.;Cite the Federal Reserve websites and other sources used.
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