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Essay Available:
Pages:
2 pages/≈550 words
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Style:
MLA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

Press Release: COVID-19

Essay Instructions:

The essay should be written in a Word file within 1-2 pages, with
12-point Times New Roman font, single-line spacing, normal
margins and justified text alignment. Failure to follow the rules
will impact your score negatively.


 


Writing Instruction • Read the attached press release on March 15 after the FOMC meeting. Write a short essay to address the following questions: o What were the monetary policy changes in the meeting? What monetary policy tools did they use to make those changes? How did they use them? o How did they justify their decisions? That is, what changes in the economy push them to the policy response? o How do you expect the stock market would respond to the policy changes, and why? Check what were the main stock price indices (NASDAQ, S&P500, Dow Jones) in 3 days following the meetings. Were the changes consistent with your anticipation? If not, try to explain why. • Do NOT commit plagiarism! • The essay should be written in a Word file within 1-2 pages, with 12-point Times New Roman font, single-line spacing, normal margins and justified text alignment. Failure to follow the rules will impact your score negatively. • Submit by 11:59PM EDT Friday, May 1 onto Blackboard.

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Press Release
The coronavirus pandemic has caused a lot of economic instability worldwide, America is one of the victims. The economic updates by the Federal Reserve economic specialists indicate that the in the last one to two months (January to February) the economy had its usual stability, but from now to one month behind the there was a drop in the labor market, but the general economy still stands strong. The open market committee in their meeting decided to come up with monetary changes to stabilize the economic status despite the coronavirus pandemic.
They discussed monetary policy changes that they thought were the best to implement during this pandemic. They found out that the flow of credit to households had dropped by a significant value. To maintain stability in the economy, the committee came to an agreement to inject $500 billion into the labor treasury from the Federal Reserve. They also added $200 billion to support the mortgage securities. They used the injection of the billions as the monetary tools to implement their changes.
They plan to use the monetary policy changes to maintain the economic inflation below the 2% objective. After boosting the market, the committee will be keen to study the economic changes, including from other areas such as health and transport. The committee justified its changes that the Federal Reserve will reinvest the resources from the debt agencies ...
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