Once you have reviewed the video, discuss the following in 250+ words. Use complete sentences and keep in mind grammar counts here. Be sure to answer each question in detail:

What type of monetary policy are they using and why (expansionary or contractionary)? Explain.
What economic factors are they trying to mitigate with this policy?
How will the change implemented by the FOMC (Federal Open Market Committee) likely affect the macroeconomy according to the Chair?
Using the aggregate supply and aggregate demand model, explain the predicted impact of this monetary policy on Aggregate Demand, price level, Real GDP and unemployment.
Include a correct graph (AS/AD) for this monetary policy for 1 point of extra credit.