Federal Reserve Macroeconomics
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The paper discusses how the Emergency Economic Stabilization Act of 2008 that established funding for the Troubled Asset Relief Program (TARP), framed actions taken by the Federal Reserve to address the financial and economic difficulties. The paper explains that during the economic crisis an adverse feedback cycle or loop developed such that financial stress brought about economic weakness which in turn led to credit losses that worsened the economic stress.
From the Paper:"The Federal Reserve is a system with a broad view of all parts of the nation's economy. It holds supervisory and regulatory responsibility "for certain financial institutions and their activities, for providing banking services to depository institutions and the federal government, and for ensuring that consumers receive adequate information and fair treatment in their business with the banking system" (Board of Governors, 2005, p. 3). The Federal Open Market Committee (FOMC) supervises open market functions and is the chief tool utilized by the Federal Reserve to influence monetary and credit conditions."
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Federal Reserve Macroeconomics (2009, December 01) Retrieved May 28, 2020, from https://www.academon.com/term-paper/federal-reserve-macroeconomics-144502/
"Federal Reserve Macroeconomics" 01 December 2009. Web. 28 May. 2020. <https://www.academon.com/term-paper/federal-reserve-macroeconomics-144502/>