Show:
Monetary Policy & The Role of the Fed
Federal Reserve: Structure
Federal Reserve Board
Making Economic Policy
100
What is the Fed?
What is Federal Reserve Board
100
How many parts does the Federal Reserve consist of?
What is 3
100
What is at the core of the Federal Reserve System?
What is the Federal Reserve Board
100
What are the three important elements of the environment for economic policymaking?
What is 1. Public opinion 2. The strength of the economy 3. Party control of the executive and legislative branches of government
200
What is the Fed's main lever and what does it do?
What is Benchmark interest rates = to adjust the level of aggregate demand in the economy
200
What are the 3 parts to the Federal Reserve?
What is 1. Board of Governors 2. Federal Reserve Banks 3. Federal Open Market Committee (FOMC)
200
How many members are appointed by the President and confirmed by the Senate?
What is 7
200
What is included as well as the important elements that make up Economic Policy?
What is Name one: 1. Agenda setting 2. Policy Formulation, Adoption, and Legitimation 3. Policy Implementation, Evaluation, and Change
300
What is the Federal Reserve Board?
What is an independent regulatory commission that sets monetary policy
300
What two thins does the structure of the Federal Reserve reflect?
What is 1. Hostility of the American Public to centralize authorities 2. Fear that central bank would be in the pocket of Wall Street
300
What does the chairman do?
What is Reports twice a year to Congress on the Fed's monetary policy objectives
300
What is included with the important elements that make up economic policy?
What is Name one: 1. Agenda setting 2. Policy Formulation, Adoption, and Legitimation 3. Policy Implementation, Evaluation, and Change