What lessons did the great recession offer for what the fed should do with the current covid-19 economic crisis?

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The Final Exam is an essay format valued at 300 points—30% of your overall grade. Your response to the question below should be no less than 4 total pages and should not exceed 6 total pages in length. Your exam should be double-spaced using a 10–12-point font and the margins cannot exceed 1” on any side.
our answer to the question will be evaluated based on the accuracy and relevancy of the content, the organization of the material and writing mechanics. Please think before you write and be sure to proofread the completed exam before submission.
Question: Using the information found in your book, the supplemental resources in Week 6 of Resources, and independently researched material, explain the role of the Federal Reserve (the Fed) in the economy. Be sure to include a discussion of the tools used by the Fed and their effectiveness. Finally, discuss the actions taken by the Fed to mitigate the impact of the Great Recession and include your thoughts and analysis on whether or not these actions were effective in achieving the Fed’s goals.
What lessons did the Great Recession offer for what the Fed should do with the current COVID-19 economic crisis?
You’re not required to cite the NY Times article in the Week 6 folder of Resources but be sure to include information from the Purpose & Functions document as well as other sources beyond the book. You can find relevant links to the Federal Reserve below:
Federal Reserve: https://www.federalreserve.gov
Fed Purpose & Functions: https://www.federalreserve.gov/aboutthefed/pf.htm
Federal Reserve Act: https://www.federalreserve.gov/aboutthefed/fract.htm

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