How effectively has the Federal Reserve used monetary policy over the past decade to achieve its goals of price stability and maximum employment (Relevant inflation and unemployment rates are required as part of a sufficient answer These rates can be found in the Week 7 module by selecting FRED Website Inflation (CPI U) , BEA Website Inflation (PCEPI) , and BLS Website Unemployment ) For CPI U inflation rates, go to the FRED website and choose 10Y where you see the selections 1Y 5Y 10Y Max Note that you can read the precise rates on the CPI U graph by placing your cursor on the graph lines for the CPI U (blue line) and CPI U core (red line) For PCEPI rates, go to the BEA website and see the chart listing PCEPI rates for a period of one year from the stated month Additional information is available by clicking on the Current Release box For unemployment rates, go to the BLS website and under Employment check the box Unemployment Rate (Seasonally Adjusted) Then, scroll down to click on the box Retrieve data Once the data is retrieved, use Change Output Options to set your From and To years to cover the past decade ) 2 What are some of thevariables influencing price stability and employment that arelargely beyond the Fed's control ( Examples include such variables as supply shocks, fiscal policy, the pandemic, etc ) 3 Would it be preferable for the Fed to operate with a single mandate of price stability instead of its current dual mandate ( Your answer should consider the implications for achieving both price stability and full employment )

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. How effectively has the Federal Reserve used monetary policy over the past decade to achieve its goals of price stability and maximum employment? (Relevant

. How effectively has the Federal Reserve used monetary policy over the past decade to achieve its goals of price stability and maximum employment? (Relevant inflation and unemployment rates are required as part of a sufficient answer. These rates can be found in the Week 7 module by selecting "FRED Website: Inflation (CPI-U)", "BEA Website: Inflation (PCEPI)", and "BLS Website: Unemployment".)

For CPI-U inflation rates, go to the FRED website and choose "10Y" where you see the selections "1Y|5Y|10Y|Max". Note that you can read the precise rates on the CPI-U graph by placing your cursor on the graph lines for the CPI-U (blue line) and CPI-U core (red line).
For PCEPI rates, go to the BEA website and see the chart listing PCEPI rates for a period of one year from the stated month. Additional information is available by clicking on the "Current Release" box.
For unemployment rates, go to the BLS website and under "Employment" check the box "Unemployment Rate (Seasonally Adjusted)". Then, scroll down to click on the box "Retrieve data". Once the data is retrieved, use "Change Output Options:" to set your "From:" and "To:" years to cover the past decade.)

2. What are some of thevariables influencing price stability and employment that arelargely beyond the Fed's control? (Examples include such variables as supply shocks, fiscal policy, the pandemic, etc.)

3. Would it be preferable for the Fed to operate with a single mandate of price stability instead of its current dual mandate? (Your answer should consider the implications for achieving both price stability and full employment.)