Select one of the following statements and give your interpretation of what is meant. Do you think the statement is accurate? What conditions would make it more or less true?

a. "The Fed's future monetary policy will be dependent on the economic indicators to be reported this week."

b. "The Fed's role is to take the punch bowl away just as the party is coming alive."

c. "Inflation will likely increase because real short-term interest rates currently are negative."

d. "Lately, the Fed's policies are driven by gold prices and other indicators of the future rather than by recent economic data."

e. "The Fed cannot boost money growth at this time because of the weak dollar."

f. "The Fed's fine-tuning may distort the economic picture."