can the Fed take to conduct monetary policy? What are some of the effects we would expect to see from contractionary or expansionary monetary policy?...

• What actions can the Fed take to conduct monetary policy? What are some of the effects we would expect to see from contractionary or expansionary monetary policy?
• Now do some research and find any case of monetary policy action that the Fed utilized in the past 10 years and explain what purpose the Fed had in conducting that monetary policy action. What economic effect do you feel we saw from that monetary policy action?

Where appropriate, cite examples from your text or other readings.