Term Paper: You will write a paper regarding the US economy and the Fed’s monetary policy during 2021 and the first half of 2022. You can work in a group of two, or individually. I recommend that you follow the financial press for important news on the economy and the Fed. Particular attention should be paid to the FOMC meetings (the schedule can be found at http://federalreserve.gov/monetarypolicy/fomccalendars.htm), whether the FOMC changed interest rates, and why. I should remind you that you are supposed to write a paper (with appropriate references). You will submit your paper in a hard copy or to the D2L by Apr. 28th. Some examples of economic variables include, but not limited to, GDP growth rate, unemployment rate, inflation rate. A length of 5-10 pages is suggested. Your paper will be graded based on structure, contents, writing and efforts.