The growth of money supply (M1)

  How rapidly has the money supply (M1) grown during the past twelve months? State the rate of growth (usehttp://www.federalreserve.gov/releases/h6/) and the most recent release, use the seasonally adjusted figures. Calculate the rate of growth across the year by taking the (new amount of M1- old amount of M1)/old amount of M1). Given the state of the economy, should monetary authorities increase or decrease the growth rate of money? Explain why.