Introduction: You have learned that the Federal Reserve Bank
uses 3 main tools to conduct monetary policy in times of crisis. It
can change the interest rate, it can change the reserve
requirement, and it can change the discount rate. Additionally, the
Fed can use emergency tools, such as quantitative easing. In this
discussion, participants will find articles on the Federal Reserve
Bank's response to the COVID-19 crisis, then discuss the pros/cons
of this response from an economic perspective.
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