According to the Federal Reserve Act, what must the Fed try to achieve and how does the Fed attain these objectives? Question content area bottom Part 1 The Federal Reserve Act says that the Fed must try to achieve _______. A. a balanced budget B. an economic environment in which investment in U.S. stock and money markets is encouraged C. maximum employment, stable prices, and moderate long-term interest rates D. a stable U.S. dollar on foreign exchange markets and moderate long-term and short-term interest rates Part 2 The Federal Reserve Act says that the Fed must use _______ to achieve its objectives. A. laws passed by Congress B. commercial banks C. the long-term growth of the monetary and credit aggregates D. bank reserves