Why would the Federal Reserve want to decrease the money supply? What might they be worried about?

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How would the Federal Reserve decrease the money supply using open$-$market operations?

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What would this do to excess reserves in banks?

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What would this do to the federal funds rate?

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What would happen to other interest rates?

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What would this do to consumption and investment?

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What would this do to AD$?$

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What would this do to inflation?

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