The Federal Reserve Bank Today Persuasive Essay by write123

This paper discusses the economy, stating that keeping interest rates steady and controlling the expansion of the money supply over the course of the rest of the 2007 fiscal year seems prudent on the part of the Fed, unless unemployment begins to increase precipitously or economic growth sharply contracts at a steady level over the course of the next few months. This paper further asserts that the Fed should continue to make curtailing inflation the cornerstone of its fiscal policy. It should maintain high reserve requirement, sell government securities at the same rate to avoid a sharp influx of currency into the marketplace by lending banks, and keep the discount rate at current levels. Furthermore, it says that although this moderation may not yield exuberance on Wall Street, it also will not sharply contain growth and propel the economy into recession, either.

Outline:
Behavior of key 2007 macroeconomic variables--Review of Federal Reserve policy
Assess the Federal Reserve policy over the year--Recommendations & Predictions