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How the Federal Reserve Runs the Country
Title: How the Federal Reserve Runs the Country
Category: Business & Economy
Details: Words: 1678 | Pages: 7.1 (approximately 235 words/page)
How the Federal Reserve Runs the Country
The Federal Reserve System (The Fed) is the central bank of the United States. It was created by congress by the passage of the Federal Reserve Act in 1913. The Federal Reserve System is composed of the Board of Governors (in Washington D.C.), and twelve regional Federal Reserve Banks located in major cities (New York, St. Louis, Boston, Philadelphia, Kansas City, Richmond, Chicago, San Francisco, Minneapolis, Atlanta, Dallas and Cleveland) throughout the United States. Today, …showed first 75 words of 1678 total…
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…showed last 75 words of 1678 total…rate cuts and masterful open market operations. I am certainly bullish on our economy over the next year.
References
Greenspan, Allan, "Economic Outlook and Current Fiscal Issues", February 5, 2004, Available: www.federalreserve.gov
Baum, Caroline, "No Hidden Agenda Behind Rate Cut", Los Angeles Business Journal, Jan 8, 2001, Available: http://www.labusinessjournal.com
Evans, Mike, "Rate hikes Won't Dampen Economy", Industry Week, Feb 21, 2000, Available: http://www.industryweek.com
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