This is related to economics. Watch the Frontline PBS documentary Age of Easy Money and respond to the following prompt. Link: https://youtu.be/EpMLAQbSYAw?si=iZ3Mr53evf4wQZcA Explain the consequences, both intended and unintended, of the easy money polices imposed by the U.S. Federal Reserve over the past 15 years. In your response, consider the following: * What are easy money polices? What are the objectives of easy money policies? * How do easy money policies affect the stock market? Is the stock market a good measure for the health of the economy? * How do easy money policies affect the average American? What measures could be used to understand the economic well-being of the average American? * What are the dangers of easy money polices? How do easy money policies contribute to: * Inflation? * Asset bubbles?Inequality? * Personal and corporate debt? * How do easy money policies instill moral hazards? * Why are the Fed's tools referred to as hammers, not scalpels? How might fiscal policy be better? * Explain the relationship between fiscal policy and monetary policy. Why might it be beneficial to expand fiscal spending under easy money policies? * How has the Federal Reserve pivoted away from their easy money policy since spring of 2022? * What is the objective of this pivot? What are the costs and benefits? Has the Fed been successful in achieving their objective?. Follow this format I created, Intro: * Explain the Federal Reserve and it's function. * Define easy money policies and explain how they are used to improve economic well-being. P2: * Lay the foundation for what Federal Reserve policy has looked like over the past 15 years, and why. * What actions were taken during the Financial Crisis and why? P3: * How did easy money policies contribute to economic recovery from the Great Recession? * What were some of the unintended consequences to the actions taken by the Fed during this recovery? P4: * What dangers have easy money policies created since recovery from the Great Recession? P5: * Explain the limitations of Fed policy. * Explain the relationship between Fed policy (monetary policy) and fiscal policy. P6: * Explain the economic challenges imposed by the Covid-19 pandemic. * How did the Fed respond to these challenges? * How did fiscal policy respond to these challenges? * What were the unintended consequences of this response? P7: * How has the Fed pivoted to address the consequences of their easy money policy and expanded fiscal policy? * What are the costs and benefits of this pivot? * Has the Fed been successful in achieving their objective? Conclusion: * Comment on the role of the Federal Reserve and the challenges the economy as a whole faces going forward