The United States Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. The Federal Reserve is responsible for developing the appropriate strategy and implementing specific actions to meet these goals. In this assignment, write a paper in response to the following questions:

– What tools are used by the Federal Reserve to implement monetary policy?

– Why does the Federal Reserve rarely use the discount rate to implement its monetary policy?

– Which tool is most often used by the Federal Reserve? Why?

Be 4-5 page (1200-1500 words) excluding the cover or reference pages

Cite at least 6 references (at least 4 scholarly/peer reviewed)

please use references provided, if more are needed feel free to do so.