Write a brief history of the FEDERAL RESERVE system and discuss the organizational structure of this agency as well as the role the Fed has in drafting and implementing U.S. Monetary policy. Make sure you identify the THREE tools the FED has available to influence the Money Supply and interest rates in the US Economy in your response.
Please provide references if applicable.
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The Federal Reserve was established 1913 with the Federal Reserve Act. It is charged with regulating banks, protecting the rights of their depositors, making loans to member banks and facilitating transactions between the Federal government, investors, and foreign entities. It consists of 12 regional banks, Board of Governors in Washington, D.C., and the Federal Open Market Committee, which is ...
Federal Reserve System's organizational structure, role in implementing monetary policty, and the three tools it uses.