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This is the bank that is in charge of all other banks in the nation. Describe how a central bank conducts a contractionary monetary policy to slow down the economy. The Role Of The European Central Bank Council On Foreign Relations It affects banks lending practices. . When in flation is ____ the feds aim to slow economy. How can it use open market operations to achieve its goal. Which best describes what a central bank uses monetary policy to do. Limiting inflation and reducing unemployment. Limiting inflation and reducing unemployment. Steer the economy away from recession and toward growth. Which best describes a central banks primary goals. Which best describes a central banks primary goals. Controlling stagflation and reducing unemployment D. Monika is best described as a. Why does the Fed pay interest to banks. The need to be the very best at all times and fears of failing are some c...