Monetary Policy Open Market Operations Open market operations belong to the number of tools that are supposed to be effective for the implementation of new monetary policies. The discussed operations include purchases and sales of valuable securities initiated by central banks in different countries. In general, two important types of open market operations are distinguished. In the United States, permanent operations conducted by banks are usually regarded as a tool allowing them to achieve long-term goals whereas temporary ones are used in unstable situations to achieve short-term goals. In terms of specific features of open market operations in the United States, it needs to be said that the Federal Reserve actively uses the so-called repos or sale and repurchase agreements in order to increase the money supply. Among other types of operations that are widely used, there is an overnight repo acting as a tool to modulate the level of bank reserves. As for the recent events related to the discussed area, it is known that the Federal Reserve focused on purchasing “longer-term Treasury securities at a pace of $45 billion per month” in 2013 when MEP program aimed at encouraging economic recovery in the United States was completed (Open Market Operations par. 16). The results of this decision, as suggested by the Federal Reserve, would reduce the pace of further purchases in case of significant improvements related to the labor market and inflation rates. In the end, the Federal Open Market Committee has managed to gradually reduce the volumes of asset purchases. Federal Funds Rate Federal funds rate presents the interest rate used by banks in the United States in order to lens resources to other banks. Such operations usually present short-term lending and overnight credits are a common method of resource exchange between banks. Federal Open Market Committee is a body that is responsible for all the decisions related to changing federal funds rates. Discussing the importance of federal funds rates for the economic development of the United States, it is necessary to mention that changes related to this factor have a significant influence on the situation in different countries. For instance, the statistical data indicating changes related to federal funds rates in the period from 2006 to 2016 shows that a course for the establishment of higher rates was set about four years ago ( Federal Funds Rate Level in the United States from 2006 to 2016 par. 1). There was a significant decrease in the federal funds rate during the period of a global financial crisis with the lowest rate in 2011. Two years later, the federal funds rate started to increase and this fact is associated with important consequences. Among the most important ones, there is the attractiveness of the United States for foreign investors. In fact, the recent growth of the federal funds rate has encouraged an increased number of investments in the country. At the same time, this tendency is inextricably connected with the decreasing attractiveness of countries with developed economies for foreign investors. Fiscal Policy Taxes The so-called “tax relief” proposed by George W. Bush was one of the most important parts of his plan, and income