Organization of the Fed
What is the main governing body of the Federal Reserve called?
What is the board of governors?
What is the interest rate the Fed charges banks for short-term loans?
What is the discount rate?
What kind of bank is the Federal Reserve?
What is the nations central bank?
What does FOMC stand for?
What is the Federal Open Market Committee?
When was the Federal Reserve created?
What is 1913?
How many regional Federal Reserve Banks are there?
What is 12?
What is the interest rate banks charge each other for overnight loans?
What is the federal fun rates?
Who does the Federal Reserve serve?
What is banks and the U.S. government?
How many voting members are in the FOMC?
What is 12?
What law created the Federal Reserve?
What is the Federal Reserve Act?
Where is the Board of Governors located?
What is Washington D.C.?
Who decides changes to the federal funds rate?
What is FOMC?
What is the term for the money banks keep at the Fed?
What are reserves?
What is the main goal of the FOMC?
What is to manage monetary policy?
What nickname is often used for the Federal Reserve?
What is the Fed?
Who appoints the members of the Board of Governors?
Who is the president of the United States?
When interest rates go up, what usually happens to borrowing and spending?
What is they decrease?
What does the Fed supervise and regulate?
What are banks and other financial institutions?
What tools does the FOMC use to influence the economy?
What are open market operations?
Who is the current Chair of the Federal Reserve?
Who is Jerome Powell?
How long is the term of a member of the Board of Governors?
What is 14 years?
What does the Fed do when it wants to stimulate the economy?
What is lower interest rates?
What system connects the Fed, banks, and the public?
What is the banking system?
Why is the FOMC important to the economy?
What is it sets key interest rates that affect growth and inflation?
Why is it important for the Fed to be independent from the government?
What is to make unbiased economic decisions?