Problem
The Federal Reserve took swift action to help restore the United States financial system after the subprime financial crisis started in fall 2007. The various instruments used by the Federal Reserve were highly criticized for fueling expectations of higher inflation rates. What is the effect of monetary policy on expectations about inflation?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.