Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.

  1. Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.

The United State Federal Reserve acts like the nation’s monetary authority and central bank system and is also known as the “the Fed. The Fed was established by the U.S congress in the year 1923.Basically the Fed constitutes of four components; first 7 board of governors that oversee monetary policy, second twelve Federal Open Market Committee (FOMC) members that monitor Fed funds rates targets that regulates interest rates, third 12 member banks all over U.S that monitor commercial banks and execute monetary policy and lastly economist staff that proffer reports that consist of monetary report to congress and beige book (Broz, 1997).

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