The newly appointed Chairperson of the Federal Reserve has a situation to contend with. The Chairperson has been made aware of the stagnant economic growth. The Gross Domestic Product (GDP) has grown by only a slight amount for the last two quarters. The media and local politicians are requesting that the Chairperson act with the economic policies in its control (the monetary policy tools learned in this course) in order to prevent a potential recession.

Please list five actions that should be taken now that should be recommended to the Governors for discussion at the next meeting. Please list those that are most important first and explain about each that explains why it will work.