https://www.federalreserve.gov/aboutthefed.htm What is the mission and legal mandate of the Federal Reserve System?

https://www.federalreserve.gov/aboutthefed.htm

· What is the mission and legal mandate of the Federal Reserve System? You can check the section "About the Fed"

· What policy tools are available to the Fed to achieve its mission? You can check the Monetary Policy sections at the Federal Reserve System

Part 2

The Fed has increased the target for the federal funds rate three times since the 2007/09 recession. Will it push the rates up a bit more? You can visit the website of the Federal Reserve Board federalreserve.gov to find out what the intentions of the Fed are regarding normalizing the interest rates. You can check more specifically the News & Events and Monetary Policy sections.

According to the Fed, what are its inflation and full-employment targets?

https://www.federalreserve.gov/faqs/economy_14400.htm

https://www.federalreserve.gov/faqs/economy_14424.htm

Explain how changes in the money supply will raise interest rates and how the anticipated increase in interest rates will likely affect GDP and employment