Facts about FED. There are 7 facts & answers about FED
14. What are the 4 functions of the Fed?
Terms in this set (4)Controls the money supply with monetary policy.Regulates financial institutions.Manages regional and national check-clearing procedures.Supervises the federal deposit insurance of commercial banks in the Federal Reserve system.
15. What are the Fed's two mandates?
Our two goals of price stability and maximum sustainable employment are known collectively as the "dual mandate."1 The Federal Reserve's Federal Open Market Committee (FOMC),2 which sets U.S. monetary policy, has translated these broad concepts into specific longer-run goals and strategies.
16. What are the three legs of the Federal Reserve stool?
The “three-legged stool” is an old term for the trio of common sources of retirement income: Social Security, pensions, and personal savings.
17. What is the structure of the Fed?
The Federal Reserve System has a two-part structure: a
central authority called the Board of Governors located in Washington,
D.C., and a decentralized network of 12 Federal Reserve Banks located
throughout the U.S. One of the most visible functions of the Fed plays out at the meetings of the Federal Open Market .
18. Which president was against the Federal Reserve?
signed the bill on December 23, 1913 and the Federal Reserve System was
born. Bankers largely opposed the Act because of the presence of the
Federal Reserve Board in the legislation and because only one of its
seven members could represent the banking community.
19. Why does the Fed care about employment?
The Fed's job is to manage the economy to produce both price stability and full employment; its main tool is an interest rate it raises to slow economic activity and lowers to stimulate it.
20. Why is the Federal Reserve private?
Although an instrument of the US Government, the Federal Reserve System considers itself "an
independent central bank because its monetary policy decisions do not
have to be approved by the President or by anyone else in the executive
or legislative branches of government.