You will look at the macroeconomic data (which you already gathered in milestone one - feel free to add more here if needed to support your analysis) to see if policy actions achieved their goals.For instance, if the Fed raised interest rates as a contractionary policy aimed at slowing down inflation, did it work?

There might also be examples of where the Fed misread the economic landscape and initiated expansionary policy when they should have taken on contractionary policy, or vice versa.Consider all actions taken by the Fed during your decade and analyze their impact on the overall economy, paying particular attention to GDP growth rates, unemployment and inflation.

Also, consider how individual households and businesses were impacted by the policy decisions. For example, if interest rates were increased, how did this affect people's ability to buy new homes or cars? How did it affect business investment?