Explain in one to two sentences how the Federal Reserve sets monetary policy in the United States.
Based on your first example, what happened to the inflation rate when the Fed raised the federal funds rate? Illustrate your answer with specific details from the example.
Based on your second example, what happened to the unemployment rate when the Fed lowered the federal funds rate? Illustrate your answer with specific details from the example.
Be sure to cite your research appropriately.
