The Federal Reserve is in charge of handling monetary policy for the U.S. List and describe the tools the Federal Reserve would institute if it needed to slow down the economy because it believes that inflation is too high or that it will soon become a problem. Be specific about the changes that would take place in each of the following if the Fed's strategy works: the nation's overall money supply, availability of capital for individuals and businesses, demand, production, employment, and gross income taxes collected by government.