Instructions

Write an 8-10 page paper in which you evaluate the role and effectiveness of the Federal Reserve in stabilizing the economy since the 2007-2009 recession and its continued impact on the current state of the economy. In your paper:

1. Describe the ways in which the Federal Reserve adjusted money policy tools in response to the financial crisis of 2007-2009; assess the success or effectiveness of those adjustments.
2. Assess to what extent the financial crisis of 2007-2009 compromised the independence of the Federal Reserve.
3. Analyze the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.
4. Describe one anticipated result or economic consequence of the Fed's actions and the extent to which it actually occurred.
5. Describe one unintended consequence (such as economic, social, or political) of the Federal Reserve's actions.
6. Use data from the Fed publications and other sources to support all of your positions. Cite at least four academic quality references.
7. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

• Evaluate the impact of the Federal Reserve on the state of the economy.

View RubricWeek 8 Assignment – The Federal ReserveWeek 8 Assignment – The Federal ReserveCriteriaRatingsPtsDescribe the ways in which the Federal Reserve adjusted money policy tools in response to the financial crisis of 2007–2009; assess the success or effectiveness of those adjustments.57.5 to >51.74 ptsExemplaryThoroughly assessed the success or effectiveness of those adjustments. Thoroughly described the ways in which the Fed adjusted tools in response to the financial crisis of 2007–2009.51.74 to >45.99 ptsCompetentCompetently assessed the success or effectiveness of those adjustments. Competently described the ways in which the Fed adjusted tools in response to the financial crisis of 2007–2009.45.99 to >40.24 ptsSatisfactorySatisfactorily assessed the success or effectiveness of those adjustments. Satisfactorily described the ways in which the Fed adjusted tools in response to the financial crisis of 2007–2009.40.24 to >34.49 ptsNeeds ImprovementInsufficiently assessed the success or effectiveness of those adjustments. Insufficiently described the ways in which the Fed adjusted tools in response to the financial crisis of 2007–2009.34.49 to >0 ptsUnacceptableDid not submit or incompletely described the ways in which the Fed adjusted tools in response to the financial crisis of 2007–2009. Did not submit or incompletely assessed the success or effectiveness of those adjustments./ 57.5 ptsAssess to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve.57.5 to >51.74 ptsExemplaryThoroughly assessed to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve.51.74 to >45.99 ptsCompetentCompetently assessed to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve.45.99 to >40.24 ptsSatisfactorySatisfactorily assessed to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve.40.24 to >34.49 ptsNeeds ImprovementInsufficiently assessed to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve.34.49 to >0 ptsUnacceptableDid not submit or incompletely assessed to what extent the financial crisis of 2007–2009 compromised the independence of the Federal Reserve./ 57.5 ptsAnalyze the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.46 to >41.4 ptsExemplaryThoroughly analyzed the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.41.4 to >36.8 ptsCompetentCompetently analyzed the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.36.8 to >32.2 ptsSatisfactorySatisfactorily analyzed the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.32.2 to >27.6 ptsNeeds ImprovementInsufficiently discussed the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.27.6 to >0 ptsUnacceptableDid not submit or incompletely discussed the strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability./ 46 ptsDescribe one anticipated result or economic consequence and the extent to which it actually occurred.23 to >20.7 ptsExemplaryThoroughly described one anticipated result or economic consequence and the extent to which it actually occurred,20.7 to >18.4 ptsCompetentCompetently described one anticipated result or economic consequence and the extent to which it actually occurred,18.4 to >16.1 ptsSatisfactorySatisfactorily described one anticipated result or economic consequence and the extent to which it actually occurred.16.1 to >13.8 ptsNeeds ImprovementInsufficiently described one anticipated result or economic consequence and the extent to which it actually occurred.13.8 to >0 ptsUnacceptableDid not submit or incompletely described one anticipated result or economic consequence and the extent to which it actually occurred./ 23 ptsDescribe one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions.23 to >20.7 ptsExemplaryThoroughly described one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions.20.7 to >18.4 ptsCompetentCompetently described one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions.18.4 to >16.1 ptsSatisfactorySatisfactorily described one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions.16.1 to >13.8 ptsNeeds ImprovementInsufficiently described one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions.13.8 to >0 ptsUnacceptableDid not submit or incompletely described one unintended consequence (such as economic, social, or political) of the Federal Reserve’s actions./ 23 ptsUse data from the Fed publications and other sources to support all your positions. Use at least four academic quality references.11.5 to >10.35 ptsExemplaryThoroughly used data from the Fed publications and other sources to support all your positions. Used four or more academic quality references, and citations were appropriately done.10.35 to >9.2 ptsCompetentCompetently used data from the Fed publications and other sources to support all your positions. Did not use enough references; however, all were of high quality and citations and references were appropriately done.9.2 to >8.05 ptsSatisfactorySatisfactorily used data from the Fed publications and other sources to support all your positions. Used enough references; however, not all were of academic quality.8.05 to >6.9 ptsNeeds ImprovementPartially used data from the Fed publications and other sources to support all of your positions. Did not use enough references or several references were not academic quality.6.9 to >0 ptsUnacceptableDid not submit or did not include citations or references in work. Did not submit or did not use data from the Fed publications and other sources to support all your positions. / 11.5 ptsClarity, writing mechanics, and SWS formatting requirements.11.5 to >10.35 ptsExemplaryMinimal (0–2) errors in grammar, formatting, and SWS citation.10.35 to >9.2 ptsCompetentA few minor errors (3-4) in grammar, formatting, and SWS citation.9.2 to >8.05 ptsSatisfactorySeveral errors (5–6) in grammar, formatting, and SWS citation.8.05 to >6.9 ptsNeeds ImprovementMultiple errors (7–8) in grammar, formatting, and SWS citation.6.9 to >0 ptsUnacceptableDid not submit the assignment or there were so many errors that work is confusing to read. SWS citation was not attempted./ 11.5 ptsTotal Points: 0