Assume that you are attending a meeting of the Federal Reserves Open Market Committee (FOMC). There is great concern among the members that the U.S. economy is in a recessionary trend, while others believe that the U.S. economy is booming. Based on your reading, write a brief report to summarize your suggestions on how to adjust the current monetary policies. In your discussion, please specify the available tools that the Fed could use and how these policy changes affect your personal life and investment decisions.