After several years of goods and services slow price gains, inflation uncertainties have resurfaced again as the costs of many goods and services have spiked in the past 2 years. The ongoing pandemic has played a leading role in the jump in inflation as COVID-19 induced supply chain disruptions have made it difficult to find some items while driving up consumer prices. Predicting future inflation can be difficult as current readings only reflect where prices have been trending rather than where they are headed. Moreover, temporary supply or demand shocks within specific industries (I.e. - oil and gasoline) can swing inflation for periods of time. For these reasons, the Federal Reserve (Fed's) took several measures in an attempt to reduce inflation and prevent local and a global economic and financial crisis. To complete this extra credit, you need to do the following: 1. Identify the actions taken by the Fed's to reduce inflation ( your answer can be in the for of a paragraph or bullet points)