Watch the following video of Federal Reserve Chairman, Jerome Powell, presenting the findings of the last Federal Open Market Committee Meeting on October 30, 2019. You can click on the FOMC Press Conference Video, October 30, 2019, and watch about the first 10 minutes of the overall press conference in the Videos section of the Federal Reserve website.
Federal Reserve Videos (https://www.federalreserve.gov/videos.htm)
Once you have reviewed the video, discuss the following in 250+ words. Please use complete sentences and keep in mind grammar counts here. Be sure to answer each question in detail:
What type of monetary policy are they using and why (expansionary or contractionary)? Explain.
What economic factors are they trying to mitigate with this policy?
How will the change implemented by the FOMC (Federal Open Market Committee) likely affect the macroeconomy according to the Chair?
Using the aggregate supply and aggregate demand model, explain the predicted impact of this monetary policy on Aggregate Demand, price level, Real GDP and unemployment.
Include a correct graph (AS/AD) for this monetary policy for 1 point of extra credit.
