Read this article by the Brookings Institute that discusses the current rate of inflation and what it means. "What does the Current Inflation Tell Us About The Future" https://www.brookings.edu/blog/up-front/2021/11/16/what-does-current-inflation-tell-us-about-the-future/ As inflation is on the rise at 6.2% there is debate on whether the Federal Reserve should intervene to control inflation all the while Congress is getting ready to pass an important stimulus bill which would increase government spending, making some fear that it will also affect rising inflation.

1)Why is the Federal Reserve reluctant to enact any policy that would reign in inflation? 2)How would a contractionary monetary policy affect unemployment? Explain and support your answer by referring to the AD/AS model and how it's impacted by monetary policies.