Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 1

THE FEDERAL RESERVE ANNUAL REPORT Visit the Federal Reserve's Web site at www.federalreserve.gov , and select Monetary Policy and then Monetary Policy Report to the Congress to retrieve the current annual report (Sections 1 and 2). Summarize the policy actions of the Board of Governors during the most recent period. In the Fed's opinion, how did the U.S. economy perform