Throughout the pandemic until current times the Federal Reserve has been extremely active in trying to stimulate growth and then to control inflation. Specifically, the Fed followed one policy in 2020, and a different one now. You are to compare and contrast Fed activities during 2020 and the recent and current period in 2022. Here are the elements:

1. What were/are the Fed's goals in the two periods?

2. What tools did the Fed employ in both periods in an attempt to achieve the goals described in (1).

3. Using the concepts developed in class, analyze Fed activities in the two periods. Examples are the bond, loanable funds, and money markets. Also AS/AD. These examples are for illustrative purposes only. Use the concepts that you deem relevant.

This paper is a major research one so outside sources are required with proper citation. Please use subheadings.