Federal Reserve Board Project ~ Print Federal Reserve Board Summative What to do & Why? You are a member of the Board of the Federal Reserve. You are presented with the economic situation below: Unemployment is at 6% and has increased steadily the last 6 months. GDP growth fell to 0.2% last quarter, and is expected to be negative this quarter. As a Board member, it is your role to propose the appropriate actions. You also must assess the potential consequences of those actions in terms of price levels, GDP growth, the money supply, etc