Economics, Econometrics and Finance
2 years ago

Federal Reserve's Monetary Policy Shaping Economy and Interest Rates.

Oxford University Press eBooks
Understanding Interest Rates and the Economy
Alan N. Rechtschaffen

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The Federal Reserve System was created to manage the country's money supply and banking system. It consists of a central Board of Governors and 12 regional Reserve banks. The Federal Open Market Committee sets monetary policy. The chapter discusses monetary policy, quantitative easing, balance sheet normalization, and the FOMC minutes.