ECO 5415 Module 6 Application Assignment: Monetary and Fiscal Policy Module 6.1 discussed monetary and fiscal policy. Your assignment is to find a media story about a meeting of the Federal Open Market (FOMC) Committee. This does not need to be a current meeting, but it must relate to the United States Central Bank (the Federal Reserve). Read the story and answer the following questions: 1 What was the date of the FOMC meeting? 2 What issues were the focus of the meeting regarding the state of the economy? In particular, were FOMC members more concerned about inflation or unemployment? 3. What was the policy decision made by the FOMC? (Tighten, ease, or remain the same?) 4. Describe the implications of your answer to question #3 for Federal Open Market policy - that is, the purchases and sales of assets by the Fed? 5. Does the article mention any change in expectations about future Fed policy. If so, describe that change. GRADING RUBRIC Your grade this assignment will be a number between 0 and 15 points. The