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U S Monetary Policy And What The Federal Reserve

U.S. Monetary Policy and What the Federal Reserve

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Title: U.S. Monetary Policy and What the Federal Reserve

Essay Details:

Subject: Business

Author:

Date: February 14, 2016

Level: University

Grade: A

Length: 2 / 442

Essay text:

A "tight" monetary policy suggests slower growth of the money supply and higher interest rates in the near term in an attempt to reduce inflationary pressure by lowering aggregate demand." In the United States it is the Federal Reserve System that is responsible for defining and implementing these policies. In the United States the Federal Reserve is made up of a Board of Governors, which consists of seven members, all of whom are appointed by the president and confirmed by the Senate. Of these seven, the president appoints one to be chairman of the Board of Governors. The current chairman of the United States Federal Reserve is Alan Greenspan...

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