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Monetary policy paper On Thursday night November 5th you get a call from Fed Chairman Powell. He asks for your help in prepping him for the upcoming December 15, 16 FOMC meeting. He would like you to prepare a 4-5 page (double-spaced) briefing for him on the following two topics: An update on recent trends in relevant current economic conditions that have become available since the end of the November FOMC meeting (on November 5th). A specific recommendation for the stance of monetary policy (in terms of the fed funds target and the Fed’s balance sheet) going forward into 2021. I dont care how many sources you use.