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The key objectives and what are the conventional monetary policy tools

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3A) What are the key objectives and what are the conventional monetary policy tools does the Fed use to achieve those objectives?

Then you read the speech given by the Fed's Chairman Bernanke on Oct 11, 2011 at the Federal reserve Bank of Boston at this url link http://www.federalreserve.gov/newsevents/speech/bernanke20111018a.htm of the Fed's website to answer the following question 3B.

3B) Read the speech of the Fed Chairman Ben Bernanke he delivered on Oct 18, 2011 at the Federal reserve bank of Boston, which is available at this url link http://www.federalreserve.gov/newsevents/speech/bernanke20111018a.htm

After reading the contents of his speech topic, "The Effects of the Great Recession on the Central Banks' Doctrine and Practice", critically and briefly analyze the direction of changes in monetary policy practice of the Federal Reserve from its conventional monetary policy framework in the wake of the great recession the US economy currently faces.

Alternatively (for 3.b),
3.b. Read the following two news analysis on the effect of monetary policy actions on November 30, 2011 by China on the global market, including US stock market. Based on your knowledge on monetary actions and its impact on the economy, briefly analyze the connection between the reduction of reserve requirement by China's central bank and its economy plus the economy of the rest of the world, including the US economy.

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Visit the home page of the Federal Reserve Systems of the central bank of US at www.federalreserve.gov and read the key objectives of the Fed to stabilize the macroeconomic crises of the US economy (you have to look for the links from the home page of the Fed's websiste- click on the tab "About the Fed" and read through the contents). Based on the information on monetary policy objectives and tools, answer the following question 3A.

For: Policy objectives/purpose: The specific url under the tab about the Fed (Item2): http://www.federalreserve.gov/pf/pf.htm

For Policy tools: The specific url under the tab Monetary Policy is (the listed thread is policy tools): http://www.federalreserve.gov/monetarypolicy/default.htm

Under that, find the link for Mission

3A) What are the key objectives and what are the conventional monetary policy tools does the Fed use to achieve those objectives?

Key objectives of Conventional monetary policy are:
1) Maximize Employment
2) Moderate the long term interest rates
3) Stabilize the prices.

Conventional monetary policy tools used by Fed to achieve the above objectives :
1) Controlling the Fedfunds rate
2) Open Market operations
3) Changing the Reserve ...

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