How do the decsions/choices (monteray policy) that are made by the Fed (Central bank/board of governors) impact the daily lives of Americans like myself?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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How do the decsions/choices (monteray policy) that are made by the Fed (Central bank/board of governors) impact the daily lives of Americans like myself?

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Step 1: define monetary policy

Monetary policy refers to the deliberate actions and strategies undertaken by a country's central bank (such as the Federal Reserve in the United States) to manage and control the money supply, interest rates, and overall financial conditions in an economy to achieve specific economic goals.

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