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I need an explanation for this Economics question to help me study. Monetary Policy and the Great Recession25 points The objective of this assignment is to demonstrate that you understand monetary policy sufficiently in order to be able to explain it to someone else.* On November 7, 2014, Janet Yellen, Chair, Board of Governors of the Federal Reserve System made some remarks entitled “Central Banking: The Way Forward?” at the International Symposium of the Banque de France, Paris, France In those remarks she reviewed “the evolution of monetary and fiscal policies following the global financial crisis both in the United States and in other advanced economies.” She also tried to “draw some lessons and provide some thoughts on the policy mix going forward.” She did this in 12 paragraphs. Starting with the paragraph after the subtitle “Policy before the crisis” and for each paragraph, provide a one or at most two sentence summary of what she was saying. 2 points per paragraph plus 1 for doing it, 25 points possible. Links to Chair Yellen’s remarks. Yellen Speech PDF