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Monetary Policy
Beginning of essay
In exploring in the United States, it is essential to define what is
meant by . can be defined as the policy decisions and actions by the Federal Reserve System (Fed) that affect the banking system and money supply. This may seem vague, but by decisions and actions, we mean the goals, tools, a ....
Middle of essay
.... carrying out the rules, regulations, and functions of the Fed. The banks report to the Board of Governors on local economic conditions.
The US monetary policy is formally set by the Federal Open Market Committee (FOMC). The FOMC consists of the seven members of the Board of Governors, the president of the NY Federal Reserve Bank, and, on a rotating basis, four of the presidents of the other eleven banks. The FOMC sets goals regarding the money supply and interest rates, and it directs the .... |
| Number of words: 4803 |
Approximate pages: 18 |
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