The following writing assignment for the Economics of Global Money Markets is to be completed in no less than seven typed pages. Please double space this paper with appropriate margins and must be writing in your own words with correct spelling and punctuation. Use and site 5 credible sources) The economic and financial crisis of 2008/09 represents the most serious economic downturn in the U.S and the world since 1929. Review and discuss the Federal Reserve and its role in our economy during this time including a discussion of our nation’s three main economic goals. Describe the historic monetary and fiscal policy efforts undertaken by the U.S. Government and Federal Reserve including both the traditional and non-traditional measures to ease credit markets and stimulate the economy. Finally, relate the Fed and U.S. Government involvement to our present volatile environment and indicate what measures, if any, the current Federal Reserve chairman should pursue in the next 12-24 months. Do you agree with a number of economists that the United States economy is experiencing a ” new normal” due to the financial crisis? Please Explain