Step 2: Critique After you have gathered information from FRED, critique the Fed's actions by answering the questions below. You may present this critique as a written article or create a "news segment" opinion piece video (3 minutes maximum). Your article or news segment will be evaluated on the strength of your argument based on the accuracy and insight of your economic analysis. What is the Fed's current monetary policy? What actions is the Fed taking to respond to current economic conditions? Is current monetary policy expansionary or contractionary? Explain. Which actions by the Fed do you think are positive and/or negative? State each and explain why. Step 1: Research Use FRED (opens in a new window), and any other sources that you wish (just make sure you evaluate the quality of your sources) to determine: The current inflation rate The current unemployment rate . Most recent GDP