Question

UK's Current fiscal and monetary policy, it doesn't have to be too long, I just need some helpful sources and several notable points, thx

Answer 1

The monetary policy in US is regulated by Federal Reserve.Fed is adhering to the statutory mandate of maximum employment and stable prices .Fed has set the long run inflation goal at 2%.The fed fund rates are also set by the Federal reserve bank.Fed rate is the rate at which the various financial institutions borrow and lend reserves on an overnight basis.Current targeted fund rate is 0.00-0.25.The target is attained by the Fed through open market operations. The federal fund rate was reduced to 0.25 from 5.25%.
Fed also influences the interest rates.United state have lowered the interest rates by 1percentage points .It was reduced to 0%.The Fed has reduced the Fed rates to increase the credit inflow of credit to consumers and business.Thus Fed is following an expansionary monetary policy.The Fed through Quantitative Easing provided extra stimulus eventhough the federal fund rate was at zero lower bound.When Fed decreases the interest rates there will be more investment taking place and there will is more supply of money in the economy.The repo rates and reverse reporates are the major tools of monetary policy for setting interest rates permanently.
US also follows an expansionary fiscal policy along with the expansionary monetary policy.The government is spending more .