From Problem Bank List
''Most Americans have only a very limited understanding of how the Federal
Reserve affects every aspect of our lives. Neither the Chairman of the
Federal Reserve nor the twelve members of the Board of Governors are
elected by the American public. The Federal Reserve operates
independently in secret and has the power to make financial decisions
that impact the financial well being of every American citizen.''
read more
The Federal Reserve was formed to promote sustainable economic growth by: stability of prices to help preserve the purchasing power of the dollar, moderate long-term interest rates, ensure high levels of employment, and overall, make sure the U.S. has a sound banking system and healthy economy.
ReplyDeleteThanks
financialpolicycouncil.org Team
Fiscal Policy Issues