Notes

Visit the Fed's Summary of Commentary on Current Economic Conditions (Links to an external site.), also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.

The Fed can use three tools to achieve its monetary policy goals:
-The discount rate.
-Reserve requirements.
-Open market operations.

Spending, overall, looks positive. But the problems I've found were:
While retail sales were mixed, slightly higher, or unchanged in most districts, sales expanded on a moderate pace on balance in Boston, Minneapolis, and San Francisco. And weakening sales were seen in Cleveland and Dallas.

Apparel sales were doing well in some districts. But the unusual warm weather may have hurt the apparel sales in Cleveland and Dallas, according to contacts.

Cleveland and San Francisco noted declining sales at brick-and-mortar stores. A situation that was presumably caused by the shift towards online shopping.

Motor vehicle sales declined slightly with customers shifting towards purchasing used cars, according to most districts.

The strong dollar was cited as a headwind to more robust demand in a few districts.

Fix#1:
Lowering the discount rate influences other interest rates in an expansionary manner. Lower rates encourage lending and spending by consumers and businesses.

FIX#2:
Buying U.S. treasuries through open-market operations can also help fix these problems.
Because increasing the money supply lowers the interest rates.


Either ways:
When borrowing is cheap, firms will take on more debt to invest in hiring and expansion; consumers will make larger, long-term purchases with cheap credit; and savers will have more incentive to invest their money in stocks or other assets, rather than earn very little—and perhaps lose money in real terms—through savings accounts.
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Employment:
The overall employment continued to expand through the period.

But manufacturing employment reports were mixed. With four Districts reporting flat or declining payrolls, and two Districts reporting increases in manufacturing employment.

FIX:
Buying U.S. treasuries through open-market operations.
Because increasing the money supply lowers unemployment, boosts private-sector borrowing and consumer spending.
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Prices:
Overall, there was slight price growth during the period. The Philadelphia, Chicago, St. Louis, and
Minneapolis Districts reported modest price increases, while most of the remaining districts reported
slight or limited price increases. The retail and services sectors reported slight to modest price increases. Contacts in certain districts reported increases in the cost of building materials.
Retailers continue to “have little control over product pricing,” according to contacts in Cleveland and Atlanta.

Lowering the discount rate for same said reasons before.
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All in all, targeting inflation (by keeping it at a low and stable rate of two percent) and aiming for maximum employment (in practice, around 5% unemployment) is the best way to achieve a good economic stability.
That's called Dual Mandate.