You have studied the operations of the Fed in this module. In the next module, you will look at Monetary Policy. I intentionally brought in resources that included the Financial Crisis of 2008 and the aftermath. Responding to the 2008 Great Recession, the Fed took unprecedented monetary policy actions to intervene in credit markets, bank stopgaps, and stimulation of the economy to avoid a free-fall of the economy and financial meltdown. Between all the readings and videos, you will answer the question in a 3-4 page extended opinion paper, “Can and should the Fed control the money supply? Should the Fed be so independent?” Minimum of 4 sources cited. Sources need to come from web-based articles.
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