Monetary policy is a hotly debated issue in government sectors. Decisions about these policies directly affect you as both a consumer, business person, and citizen. Discuss the current monetary policy of the Federal Reserve. What are they trying to accomplish? What are the obstacles making it difficult for the policy to be successful? Go to http://www.federalreserve.gov/fomc/transcripts/ and find a set of transcripts to post. Correlate what the Fed decided to do at that particular meeting with what was happening in the economy at that time Determine if what they chose to do was the right thing or did they incorrectly guess the direction that the economy was going