The term 'discretionary monetary policy' refers to the actions that undertaken by the Federal Reserve in a order to minimize the inflation, and maximize the employment, ensure a stable economic growth, and promote the American the economic interests in abroad.
Monetary policy is a set of tools that used by a nation's central bank to be control the overall money supply and by promote the economic growth and also employ strategies such as revising interest rates and also changing bank to reserve a requirements
The goals of monetary policy are for the promote and maximum employment, stable prices and also moderate long-term interest rates. By implementing the effective monetary policy, the Fed that can be maintain stable prices, thereby supporting the conditions for long-term economic growth and also maximum employment.
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