The Congress hereby declares that it is the continuing policy and responsibility of the federal government to use all practicable means consistent with.

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Presentation transcript:

The Congress hereby declares that it is the continuing policy and responsibility of the federal government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy with the assistance and cooperation of industry, agriculture, labor, and state and local governments, to coordinate and utilize all its plans, functions, and resources for the purpose of creating and maintaining, in a manner calculated to foster and promote free and competitive enterprise and the general welfare, conditions under which there will be afforded useful employment for those able, willing, and seeking work, and to promote maximum employment, production, and purchasing power.

Fiscal PolicyMonetary Policy TaxSpend Fed Tax Pay Tax ND Spend Disc Spend Disc Window Reserve Require FOMC Actions CategoryTaxSpendD WinFRRFOMC M1 Up M1 Down IR Up IR Down Emp Up Emp Down