The background, functions, how FRB forms and carries out monetary policy and its effects on economy. Charts.
Written in 2000; 900 words; 8 sources; $ 31.95
From the Paper:
"Introduction
The media pays close attention to interest rates, noting when the Federal Reserve Board's Open Market Committee meets, and the stock and bond markets react to real or anticipated changes in interest rates. Yet many consumers do not understand the interest rates discussed by the Fed and the media; what consumers do appreciate is that many mortgages and other loan rates are based on these figures. This research explores how the Federal Reserve conducts monetary policy, and examines the monetary policy of the last several years.
Background
The Fed's mission is to protect the integrity of the nation's money by providing a healthy banking and financial system that is consistent..."
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