Federal Reserve
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Title: Federal Reserve

Essay Details:

Subject: Business
Author: Allen T
Date: May 18, 2017
Level: University
Grade: A
Length: 5 / 1267

Essay text:

Most people are familiar with the fiscal policy tools that affect demand, such as taxes and government spending. Less familiar is monetary policy; it is conducted by the Federal Reserve System, the nation’s central bank, and it influences demand mainly by raising and lowering short-term interest rates. The Federal Reserve System (the Fed) is the nation’s central bank. It was established by an Act of Congress in 1913 and consists of the seven members of the Board of Governors in Washington, DC and twelve Federal Reserve District Banks. Congress structured the Fed to be independent within the government...

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