I attached file has 3 small part , i want just perfect paraphrase for all.

^{Part one :}

^{Federal Reserve Mandate was established by Congress to attain 3 principle objective of:-}

^{(1)                                 Maximum employment}

^{(2)                                 Stable prices}

^{(3)                                 Moderate long term interest rates}

^{The objective of FOMC (Federal Open Market Committee) is to foster price stability, moderate long term interest rates and maximum employment. The first two objectives that is maximum employment and price stability are known as Federal Reserve’s dual Mandate.}

^{   The other objectives were:}

^{1)             To address the problem of banking panics}

^{2)             To serve as the central bank for the United States}

^{3)             To strike a balance between private interests of banks and the centralized responsibility of government}

^{4)             To supervise and regulate banking institutions}

^{5)             To protect the credit rights of consumers}

^{6)             To maintain the stability of the financial system and contain systemic risk in financial markets}

^{7)             To provide financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system}

^{8)             To facilitate the exchange of payments among regions}

^{9)             To respond to local liquidity needs}

^{To strengthen U.S. standing in the world economy}

^ 

^{There are various nonmonetary factors that affect the job market. All these factors are not measurable. Thus, FOMC doesn’t set certain maximum number of employment rate.}

^{In 2016 FOMC’s June summary, normal rate of unemployment increased from 4.6 to 5.0 percent.}

^ 

^{Part 2}

^{As per my knowledge gained from the various sources, Federal Reserve can achieve mandate if the following two things are true:-}

^{1.               Employment rate should increase in all the passing years. Since, we have unemployment rate in our data sets; it should keep decreasing in the consequent years until today.}

^{2.               The interest rate should also decrease with the consequent years.}

^{As explained in the story, I have considered data from 2006 to 2015 to prove my assumptions. During the financial crisis, unemployment rate increased from 2006 to 2009 whereas, it kept decreasing thereafter until 2015.}

^{Similarly, interest rate was decreasing too from 2006 to 2012. Unfortunately, change occurred from 2012 to 2013. In 2012, interest rate went down and came up in 2013. From 2013 to 2015, IR was going down.}

^{Since, both the requirements couldn’t be fulfilled; I assume that the Federal Reserve can’t achieve mandate.}

^{part 3}

^{1.               In the FedFund file:}

^{Firstly, I converted the date into text. Thereafter, segregated date in to 3 columns as day, month and year. With the key as MonthYear, could take this whole set of value column together in one excel sheet with other data.}

^{2.               In the CPI file:}

^{I converted rows into columns, so I could get same type of pattern across all the other files as well. Thus, comparison with other files was easy. It was a manual and bit tedious task of putting months into columns. Like in other files, I created key of MonthYear to make the comparison easy and accurate.}

^{3.               In Unemployment Rate History:}

^{It was same file like CPI. I did same things as CPI.}

^{4.               In Historical Interest Rate file:}

^{Here, date was converted to text first, and then it was segregated into day, month and year. A lookup table was created with 1 to 12 numeric numbers assigned to the month so that months in main spreadsheet could be translated to months like Jan, Feb, etc. A key of MonthYear was generated to make the data combination easy from all the 4 files.}

^{Ø   The above mentioned cleaning process helped in getting rid of old data and getting all the required data together in one file which could be given to the easily for analysis purpose.}

^