federal reserve

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Title: federal reserve

Essay Details:

Subject: Business

Author: Russell S

Date: September 27, 2013

Level: University

Grade: A

Length: 4 / 1022

Essay text:

It also implements monetary policy by open market operations, setting the discount rate and setting the reserve ratio. The Federal Reserve involves economic education and research as well as community outreach. One of the biggest goals of the Federal Reserve is to minimize risk in the banking system. President Bush recently nominated Ben Bernanke as the new Chairman of the Board of the Federal Reserve. Bernanke replaced Alan Greenspan when he retired after eighteen years as Chairman. The Chairman takes the lead role in directing Fed policy. The most important duties of the Federal Reserve authorities correspond to the maintenance of monetary and credit conditions in favor of business activity in fields such as agriculture, commercialism, and industry...

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