Vlonetary Policy Assignment.pdf Monetary Policy Assignment Description: Research and find a time in which the Federal Reserve used a tight money policy and one in which they used an easy money policy. With both of these two historical moments, explain the following three aspects: 7) The Situation: Explain what was going on in this historical situation that created a problem to which the Federal Reserve was responding. Give specific details from this moment. 2) The Tool/Response: Identi/ and explain the specific tool the Federal Reserve utilized in response to this situation, and provide details for the specifics of how they utilized this tool. 3) The Effects: Provide specific details and information about the effects of utilizing this tool. Obviously, monetary policy is unlikely to be the sole cause of a change in economic situation; however, acknowledging this, detail what followed in the months 81 years after the Federal Reserve actions