The Economic Impact of Monetary Policy Discuss the Federal Reserve System (FPS) and monetary policy. As you've gathered from your reading and other assignments, the FPS controls the supply of money in the US. economy. Understanding this process and its impacts provide insights into the overall economy. Keeping that in mind, address the following: 0 What could the FPS do to impact the supply of money? For example, if the outcome is to increase or decrease the quantity of money, what actions could it take to do so? Provide examples to support your work. 0 How do you think these actions might impact you as a consumer or a business firm? Provide examples to support your work