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federal reserve

   
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Title: federal reserve
 
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Subject: Business
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Date: July 11, 1999
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Length: 4 / 1022
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Congress intended for the System to be independent to keep politics out of monetary policy. The Federal Reserve's income mostly comes from the interest on the U.S. government securities it acquires through open market operations. Another source of income is the interest on foreign currency investments held by the System...
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Another source of income is the interest on foreign currency investments held by the System. The Federal Reserve turns the rest of its earnings over to the U.S. Treasury, after paying its expenses. The structure of the Federal Reserve was constructed by Congress to allow it a wide outlook on the economy and the economy's activities...
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