The Federal Reserve Bank publishes a report called the Beige Book eight times a year that summarizes the current economic conditions in each of the 12 bank districts. This report is used by the Federal Open Market Committee when deciding on monetary policy.

Go to www.federalreserve.gov/monetarypolicy/beigebook/default.htm to read the most recent Beige Book (Oct. 19, 2016). Go to www.federalreserve.gov/monetarypolicy/mpr_default.htm to read about the most recent Fed actions.

Then answer the following questions:

a. What are the current economic conditions?

b. What is the most recent policy action taken by the Fed?

c. Based on your answers to a. and b., what policy action do you recommend the Fed take at its next meeting? Explain your reasons.

Please follow the instructions and requirements specifically