The Fed has dramatically expanded the scope of its public communications.

The Fed has dramatically expanded the scope of its public communications. Discuss how the Fed has done so over the last fifteen years and how changes in communications in general may affect how markets and economic variables may be affected by Fed policy actions.

Sample Solution

e then, senior U.S. government officials have also demonstrated their support for the crisis in Myanmar by meeting with the Government of Myanmar, political parties, civil society, human rights activists, religious and ethnic leaders, and youth. In addition to USAIID, there are several other US agencies that provide assistance to Burma such as the U.S. Department of State, Labor, U.S. Trade and Development Agency. Since 2012, the United States has been consistently providing funds to support the crisis in Burma. So far, the U.S. has provided over $500 million to support Burma’s transition, advance the peace process, and improve the lives of millions, including by assisting communities affected by violence and combating hate speech and communal violence. More than 1.1 million people have improved food security, and over 300,000 impoverished farming families have increased their agricultural productivity with better access to technology, markets, and new investments. In addition to exponential improvements in the people’s basic human needs, the more developed businesses have improved as well. New entrepreneurs are benefiting from the economic reform process, which has increased access to information and communications technology. The United States also provided almost $300 million in Fiscal year 2017 and 18 to address humanitarian needs in Burma. Especially being cognizant of internally displaced persons throughout the country and vulnerable Burmese refugees and asylum seekers in the region. This includes vulnerable communities along the Thailand-Burma border and in Rakhine, Kachin, and the Shan States, where the

United States continues to provide emergency assistance.

In recognition of Burma’s political and economic reform progress, the United States has taken concrete steps to accelerate broad-based economic growth and support the political reform process. The United States played an instrumental role in supporting renewed engagement from multilateral development banks, which re-started operations in 2013. In 2016, the United States terminated the national emergency with respect to Burma, which had been in place since 1997. The termination removed a range of economic and financial sanctions, including the designations of individuals and entities listed on the Office of Foreign Assets List pursuant to U.S. sanctions on Burma. The U.S. government encourages responsible investment in Burma as part of an overall strategy to encourage economic growth and improve the standard of living for the people of Burma. The United States plays a leading role by enhancing human capacity and promoting global standards throughout Southeast Asia due to the quality of private investment. U.S. companies will continue to play a critical role in supporting broad-based, sustainable development in Burma and are helping the country progress toward a more open, inclusive, and democratic society. While till date through the efforts of the United States and other notable

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