As a result of policy lags in monetary policy, the Federal Resrve System (Fed): must try to anticipate changes in the economy before they happen.
In Economics, a monetary policy is also referred to as fiscal policy and it can be defined as the use of government expenditures (spending) and revenues through taxation, so as to influence macroeconomic conditions in a country such as:
Ideally, the Federal Resrve System (Fed) must try to anticipate changes in the economy of the United States of America before they happen because of policy lags in monetary policy.
Read more on monetary policy here: https://brainly.com/question/13926715
