Write a 700- to 1,050-word paper on the U.S. Federal Reserve’s monetary policy that addresses the following points: o Define the purpose and function of money o Explain how the central bank manages a nation’s monetary system. o Outline the stated direction of recent monetary policy in the United States. o List at least one policy action that the Federal Reserve has taken to confirm that direction. o Explain the effects of monetary policies on the economy’s production and employment.