The Federal Reserve has implemented various changes to its monetary policy in an effort to respond to the economic challenges over the past 20 years

The Federal Reserve has implemented various changes to its monetary policy in an effort to respond to the economic challenges over the past 20 years. This has included lowering the federal funds rate to historically low levels, introducing quantitative easing, and increasing the use of forward guidance. These changes have been aimed at promoting maximum employment, stable prices, and moderate long-term interest rates. Recent articles on this topic have focused on the changes made to the Fed's monetary policy since the Great Recession, and how the Fed has used monetary policy to address the economic challenges of the past decade.