What is the most important characteristic of the Federal Reserve? Why?© BrainMass Inc. brainmass.com June 3, 2020, 8:35 pm ad1c9bdddf
The Fed Is First and Foremost the Nation's Money Manager
The nation needs a money manager because money does not manage itself. Money and credit are the lifeblood of the economy; they facilitate commerce, job creation, and business growth. As our nation's money manager, the Fed implements monetary policy to manage the flow of money and credit in the economy. If money and credit expand too rapidly, businesses ...
The most important characteristic of the Federal Reserve is explained.