How has the role of the federal reserve system changed over time?

Answers

Answer 1

I think it is appropriate to begin with a brief history lesson. In October 1907, the US economy was seized by panic. It began with the ominous failure of New York City's Knickerbocker Trust Company. The collapse of that institution was made all the more sensational because the president of Knickerbocker committed suicide a month later.

Leadership and courage found their form six years later. On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act, which created the Federal Reserve System.

To be more concrete, the Federal Reserve Act established the Federal Reserve Board in Washington, DC, with seven governors appointed by the president and confirmed by the Senate. And it divided the country into regional districts with Federal Reserve Banks headquartered in each. The president of each of the 12 Reserve Banks is appointed by a board of directors consisting of private citizens from the district.  

The Federal Reserve has a number of responsibilities, many of which you may not be familiar with. For example, the Federal Reserve serves as the lender of last resort. Federal Reserve Banks can make loans to address financial panics, and we certainly made use of that power during the financial crisis in 2008. We supervise the banking system. We work to ensure an accessible, efficient, and secure US payments system, and we serve as the federal government's bank. Our community development efforts support the economic growth of low- and moderate-income neighborhoods across the country.

But a lot has changed over the past 100 years. Clearly, as a woman, I wouldn't have been leading a Federal Reserve Bank in 1913, nor would a woman have been the Federal Reserve Board's chair, as is now the case with Janet Yellen.

To begin with, monetary policy as we know it today didn't exist in 1913. At that time, the US economy operated under the gold standard. There was no such thing as buying and selling financial assets to influence interest rates. But the gold standard proved too inflexible in times of stress like the Great Depression.

It wasn't really until the 1930s that the Federal Reserve began conducting "monetary policy." During that decade, Congress established the Federal Open Market Committee, or FOMC, as the nation's monetary policy body. The Committee consists of the seven Federal Reserve governors and five of the 12 Reserve Bank presidents who vote on a rotating basis.

The Federal Reserve's objectives have been refined and updated over the decades as well.

Then in 1978, Congress gave the FOMC an official mandate. T. It directed the Federal Reserve to "promote full employment" and "reasonable price stability." Today we call those objectives the Federal Reserve's dual mandate.

So you can see that the Federal Reserve has continued to adapt over the past 100 years. However, some of the most significant changes in the way we conduct monetary policy have occurred very recently in the aftermath of the financial crisis, severe economic recession, and ensuing slow recovery.

When the economy teetered on the brink of another depression, we lowered the federal funds rate to essentially zero. It couldn't go any lower than that, but the economy was still in a recession. So we had to turn to unconventional tools. The most well-known of these tools is what we call large-scale asset purchases, or what you may know as Quantitative Easing, or QE.

The other major unconventional monetary policy tool we have turned to is what we call forward guidance. I know the term may sound strange, but really all it means is that we are giving the public more information on how monetary policy is likely to evolve.


Answer 2

Answer: The Federal Reserve System has changed through monetary policy


Related Questions

How many Major Battles were there in West between 1860 and 1890

Answers

first let me give you a list of them...


1). sand creek massacare.

2). battle of little big horn.

3). battle of wounded knee.

4). the little big horn.

5). battle of palo euro canyon.

and there you go there were five major battles in the west between 1860 and 1890.

hope this helps!

How did the communities, like the one in Philadelphia help the abolition movement? Check all that apply:

A. Providing education, medicine, safe places to escape to
B. Forming political organizations
C. Returning runaway slaves to the south
D. Women's organizations that helped lead the way in the abolition movement

I have A and B. is that correct?

Answers

The correct answers are A "Providing education, medicine, safe places to escape to", B "Forming political organizations" and C "Women's organizations that helped lead the way in the abolition movement". The aboliton movement held by communities like Philadelphia fought against slavery in many ways. The communities not only provided education, medicine and safe places to the slaves, but they created political organizations that were commonly comprised of women. Some of these organizations included "The Liberty Party", "The Native American Party" and "Philadelphia Female Anti-Slavery Society".

After WW2 which synthetic fabric began appearing in casual clothing?

Answers

after ww2 the synthetic material used in casual clothing was rayon.

rayon began to aperar after WW2

rayon is a textile fabric I hope this helps you out if it did then please rate 5 stars and a brainliest :) thankyou!

how can the democratic conduct help to institutionalize the democracy

Answers

Democracy means the government made for the people, by the people and of the people. To make the democracy successful, rulers and ruled should be responsible about their code of conducts. 


To institutionalize the democracy, people have to make a right choice about selecting their leader. They must have the knowledge about all the leaders and government policies. The people have to be aware about the responsibility and right that comes on them in democracy. 


The ruler selected by the public should know the necessary policies for the welfare of the economy and the public. He must be fair in his conduct and work for the betterment. 

Democracy is a rule 'of the people' by the people' and 'for the people'. The representatives of the people carry on the work of administration. For an ideal democracy both the rulers and the ruled should be responsible.It’s not by the people because we don’t get to vote on even basic and major policies. We merely get to elect a “man” put up by political parties among the smallest number of candidates. Our representatives are not obliged to represent us; they are just called by that name. Voting the man is not voting governmental affairs. Our government is not for the people because studies (including the lates Princeton study) have shown the US to be a plutocracy. The rich get about 80% of the policies they want. No matter how much we want it, the rest get what they want about 30%, 38% of the time? (I forget). (Notice that bills are not zero-sum affairs involving competition between rich and poor.)


This environmental issue in Latin America has been carried out PRIMARILY by the cattle industry. This is because cattle need large amounts of room for grazing

Answers

With its vast areas of pasture, favourable climate pattern and rational use of inputs, including grains (corn, soybean) and fertilizers, Latin America has all the natural ingredients to be a major livestock producer, to meet food demands and to ensure regional and world food security

What did James watt invent

Answers

James Watt improved the efficiency of the steam engine, reducing fuel requirements and adapting it for industrial use, which played a crucial role in the Industrial Revolution. He patented his engine design, coined the term 'horsepower', and also invented a method for copying letters.

James Watt, a Scottish engineer and inventor, did not actually invent the steam engine; that credit goes to Thomas Newcomen. However, Watt made significant improvements to Newcomen's design while working at the University of Glasgow, increasing its efficiency notably. His modifications reduced the amount of fuel needed by a quarter, dramatically cutting operational costs.

Watt received a patent for his enhanced steam engine in 1769 and introduced commercial versions that could provide not only a reciprocal motion but also a rotating motion, which was a critical step for industrial use. This innovation allowed the steam engine to power factory machines, revolutionizing industrial manufacturing and transportation, which were instrumental in driving the Industrial Revolution. Watt's steam engine became a cornerstone of British industry, and his success was further aided by his partnership with Michael Boulton, an industrialist who provided the financial backing to develop and market Watt's engine.

In addition to his work on the steam engine, James Watt is also credited with inventing a letter copying method which was patented in 1780. He also coined the term "horsepower" to help explain the capabilities of his engines to potential customers. The unit 'watt' is named in his honor, reflecting his substantial contributions to engineering and the Industrial Revolution.

In 1973, why did Egypt and Syria attack Israel, starting the Yom Kippur War?

A.
They were trying to free the Palestinians from Israeli rule.
B.
They wanted to gain control of Israel's oil fields.
C.
They wanted to reclaim territory that Israel had taken during the Six-Day War.
D.
They were hoping to overthrow Israel's government.

Answers

On October 6, 1973, hoping to win back territory lost to Israel during the third Arab-Israeli war, in 1967, Egyptian and Syrian forces launched a coordinated attack against Israel on Yom Kippur, the holiest day in the Jewish calendar.

So the answer is C.


HEEELLLPPPP MEEEEEHHH!!!!



Why is a budget an important tool to use for effective personal money management?
Question 3 options:


It establishes a legal contract between you and a potential client.


It helps guide you through purchasing a home.


It creates a step-by-step plan to making profitable financial investments.


It is a plan for spending and saving money.

Answers

Pretty sure it's the 4th one

Some large deposits of bone have been found in mountains. True or False

Answers

the answer is true

iam sure


It is true that large deposits of bone have been found in mountains due to the process of fossil formation and the uplift of sedimentary rocks.

The statement that large deposits of bone have been found in mountains is true. The process of fossil formation often results in the presence of various fossils in mountainous regions due to the uplift of sedimentary rocks which were once part of ancient seafloors.

For instance, marine fossils have been discovered in rock formations that make up mountains like Mt. Everest. These were formed from ocean sediments, later lithified, and raised during mountain-building processes.

Additionally, important hominid fossils have been found in regions like the Great Rift Valley, where erosional patterns facilitated the accumulation of sediments that preserved biological remains.

What is the main difference between an oligarchy and a monarchy?
An oligarchy shares power with an elected body, but a monarchy rules alone.
An oligarchy is ruled by several people, but a monarchy is ruled by one person.
The citizens of an oligarchy have the ultimate authority over the government, but the king or queen has ultimate authority in a monarchy.
The citizens of an oligarchy vote for the government leaders, but leadership in a monarchy is inherited.y?

Answers

Final answer:

An oligarchy is ruled by a small group of elites, possibly based on wealth or military power, while a monarchy is typically ruled by one person, usually through hereditary succession.

Explanation:

The main difference between an oligarchy and a monarchy lies in the number of individuals who hold power and the basis of their authority. An oligarchy is a form of government where political power is held by a small elite group, which could arise from royaltym, wealth, family ties, military strength, or religious control. Conversely, a monarchy is characterized by a single person, a monarch, ruling often based on hereditary succession or some divine sanction, and holding power until death or abdication.

In an oligarchy, the ruling elite do not necessarily inherit their power but might gain it through various means like economic influence or military might. On the other hand, in a monarchy, especially a hereditary one, the power usually passes down through a family line, and the monarch has supreme authority, although some modern constitutional monarchies limit that power. An oligarchy does not have a clear single ruler, while a monarchy does with the figure being a king, queen, prince, or princess.

why was former confederacy divided into military districts by the federal government?Select all that apply.

Answers

could you tell me the options you are supposed to select?

Which is true about the Athenians? (4 points)

Answers

Sparta was famous for military strength. Even Athens agreed with that.) The ancient Greeks believed that each city-state had one or two gods keeping a special eye on that city-state. The god in charge of Athens was Athena, goddess of wisdom.



Answer:

that they uh... they grew rich as a result of the  delian league?

i think im correct

why wasnt the roman empire able to implement a direct democracy ?

Answers

because they had a republic, where everybody played a part.

As opposed to most of the controversies of the early 1960s, most of the protests of the late 1960s were centered around

Answers

females

cuase they loved females back then

Answer:

C. the Vietnam War

Explanation:

7. Although the diseases transferred by Columbian Exchange resulted in the depopulation of the Americas, the overall effect was an increased population growth worldwide. TRUE OR FALSE -Explain your answer:

Answers

TRUE

The Columbian Exchange of foods improved enormously the European and African diet.

Starvation had limitied the growth of population in the previously mentioned continents, but it was overcome by the transplantation of the New World (America) foods.

Corn, potatoes and cassava (brought to Europe from America) proved to be more efficient sources of carbohydrates than wheat, the old European standard. Cassava, for example, was a success in the impoverished soil of Africa, it helped to support the population boomb in the Congo.

In Ireland, people started planting potatoes, which helped the population grow from 1 million in 1670 to more than 8 million.

The plants from the New World, helped sustain millions of families

"This emigration should be voluntary, for it would be as cruel as unjust to compel the aborigines to abandon the graves of their fathers and seek a home in a distant land. But they should be distinctly informed that if they remain within the limits of the States they must be subject to their laws. In return for their obedience as individuals they will without doubt be protected in the enjoyment of those possessions which they have improved by their industry." - 1829 Which president was speaking about Indian removal in this inaugural address? A) Andrew Jackson B) James Buchanan C) Thomas Jefferson D) Martin van Buren

Answers

The answer is:

A) Andrew Jackson

Andrew Jackson stated this on his First Annual Message to Congress, December 8, 1829. He was a leading advocate of a policy known as Indian removal, which involved the ethnic cleansing of several Indian tribes.

The correct answer is option A

Andrew Jackson was speaking about Indian removal in this inaugural address.

What does the legislative branch do?

Answers

there is two houses in the Legislative Branch, the house of representatives and Senates. Their main job is making laws and before the law can even be a law they must vote on it in Congress, and the Senate must sign and agree by a two third vote.

Final answer:

The legislative branch, primarily represented by the U.S. Congress, is responsible for making laws, declaring war, overseeing governmental agencies, and controlling taxing and spending. It consists of two chambers: the Senate, ensuring equal state representation, and the House of Representatives, which provides proportional representation based on state populations.

Explanation:

The legislative branch is a critical part of the government with the primary role of making laws. In the United States, this branch is embodied by Congress, which is composed of two separate chambers: the Senate and the House of Representatives. The legislative branch has several key functions including creating statutory laws, declaring war, regulating interstate commerce, and controlling taxing and spending.

The Senate provides equal representation to each state, with every state having two senators, regardless of population size, ensuring that smaller states have the same legislative power as larger ones. On the other hand, the House of Representatives represents citizens with membership based on state populations, ensuring representation is proportional to the number of people in each state. The bicameral system—Senate and House of Representatives—was established as a compromise during the Constitutional Convention, known as the bicameral legislature.

Besides lawmaking, the legislative branch is responsible for oversight of governmental agencies, confirming presidential appointments, and ensuring laws are executed according to legislative intent. It is often considered the body that most directly represents the electorate's interests in the federal government structure and has considerable powers, including the authority to levy taxes, borrow money, regulate commerce, and propose amendments to the Constitution.

(Twenty points, please help! Thank you!)
Sonny Cruz, a full-time tour guide, has an annual salary of $15,000. After he pays his taxes and health insurance, his annual salary is $12,000. This is what Sonny's monthly budget looks like:

Income (after tax & health insurance) $1000
Savings interest earned $ 4
Total Income $1004

Fixed Expenses

Savings $ 71
Total Fixed Expenses $751

Variable Expenses

Total Variable Expenses $253

Total Expenses $1004

Q3. Expenses vs. Income: What do you notice about Sonny’s budget? What must Sonny be aware of with his expenses?

Answers

I notice that Sonny's budget is exactly the same amount as his income.  Sonny need to be aware that he needs to stay in his allotted budget.  Plz mark brainliest!

QUESTION 1. why did plantations develop in the southern colonies but were not able to in New England


QUESTION 2. Which feature was NOT a reason for the weakening ties between England and the American colonies ?


REDIRECT :https://brainly.com/question/11744487


Answers

This is the answer for question one

Which of these is true regarding the Mesopotamian culture over which Hammurabi ruled?

Answers

Mesopotamia (from the Greek, meaning 'between two rivers') was an ancient region located in the eastern Mediterranean bounded in the northeast by the Zagros Mountains and in the southeast by the Arabian Plateau, corresponding to today's Iraq, mostly, but also parts of modern-day Iran, Syria and Turkey.



C) The Code of Hammurabi is one of the earliest and most complete written legal codes, and it provided detailed laws governing various aspects of daily life.

The correct answer regarding the Mesopotamian culture over which Hammurabi ruled is that The Code of Hammurabi is one of the earliest and most complete written legal codes, and it provided detailed laws governing various aspects of daily life. Under Hammurabi, Mesopotamian society was characterized by a clear social hierarchy with distinct class distinctions, including nobles, commoners, and slaves. Hammurabi's code addressed various areas like property damages, loans, and legal protections for women, showing Hammurabi's concern with justice and order in his empire.

Complete Question:

Which of these is true regarding the Mesopotamian culture over which Hammurabi ruled?

A) Mesopotamian society under Hammurabi was characterized by a lack of social hierarchy and class distinctions.

B) Hammurabi is best known for his contributions to Mesopotamian literature and poetry.

C) The Code of Hammurabi is one of the earliest and most complete written legal codes, and it provided detailed laws governing various aspects of daily life.

D) Under Hammurabi's rule, Mesopotamian culture saw the first development of monotheistic religion

Beginning in the 1990s, Georgia, Alabama, and Florida, entered into a legal battle involving the Chattahoochee River. Which of these is the BEST explanation as to why this legal battle took place?

A. The states could not agree as to which state would be the "owner" of the river.

B. The States could not agree about the regulation of water flowing out of Lake Lanier.

C. The states where attempting to force the Army Corp of Engineers to control the river.

D. The states have been asking the federal government to build a new dam for more electrical power.

Answers

a, the states could not agree as to which state would be the owner of the river

Usatestprep users the answer is B.) The states could not agree about the regulation of water flowing out of Lake Lanier.

I used the answer below and got it wrong. This is the right answer for future users. Your welcome

to improve the financial situation of the united states alexander Hamilton wanted to?


Answers

To improve the financial situation of the united states, Alexander hamilton wanted to establish : a national bank

He thought that with this, the country could easily regulate the other banks

:) hope it helps

Answer: establish a national bank.

Questions:

A. establish banks in each state.

B. establish a national bank.

C. encourage more farming.

D. borrow more money to pay the country’s bills.

The focus of Laozi's philosophy was

Answers

Laozi was an ancient Chinese philosopher and writer. He is the reputed author of the Tao Te Ching, the founder of philosophical Taoism, and a deity in religious Taoism and traditional Chinese religions.

Answer:im not the best at history but im thinking the answer would a! ill tell you why in the explanation

Explanation:the reason why is that cuz all the answers all kinda the same focus to it and since hes a philosopher i think he writes about nature or man should be kind eachother but thats just my thinking well i hope you have a great summer break (or spring-) and have a great day                      -fnafanatic(or as i would like to be called -bandu). :) oh yeah i hope all of you be safe

Why did the Founders create a legislative branch of the federal government?

Answers

The Founding Fathers, the framers of the Constitution, wanted to form a government that did not allow one person to have too much authority or control. ... With this in mind the framers wrote the Constitution to provide for a separation of powers, or three separate branches of government.

Answer: to many powers from to many sorses

Explanation:

.7 Define the rule of law. Do you think the rule of law prevails in India?

Answers

Rule of law is a set of codes that are put in place and are to be obeyed regardless of whether it is an institution (like government) or an individual.

The law is above everything. It is meant to determine how a society interacts with each individual or each institution.

I don't know if India is governed by rule of law. I suspect it was intended to, but it really is not. It's like asking "Is America a Democracy?" It was intended to be but things are unfolding in a way that makes you question it. He who has power, usually uses it.

Which is true about an ocean currents that is moving toward the equator

Answers

An ocean currents that is moving toward the equator is cold.

governors have brad powers in the administration of their state governments. true or false

Answers

True.

Governor is the political office that represents the executive power in the sphere of states.

It is the function of the governor: the direction of the state administration and the representation of the State in its legal, political and administrative relations, defending its interests with the Presidency and seeking investments.


According to man scientists how does increased pollution cause global warming

Answers

Global warming is caused by several pollutants, all of which are produced by human activities.

As pollution levels rise, global warming is one of the greatest threats to the earth due to the extremely delicate effects it could cause against the natural balance.

Activities such as electricity production, industry, deforestation are directly related to the causes of climate change, however, energy activities are the most responsible due to harmful emissions to the environment.

The deteriorated atmosphere is due to air pollutants that increase the temperature of air, sea and land. The natural balance is affected due to this increase and all changes to the environment can already be observed.

Emissions of carbon dioxide, methane and black carbon are important sources in global warming.

If the production of the aforementioned gases is not reduced, global warming can not be stopped and the changes within our life will be irreversible.

What countries are currently designated as being sponsors of terrorism? What are the consequences of this designation?

Answers

The current list, developed by the US Department of State, includes: North Korea, Sudan, Syria, and Iran.

Being on the list can be devastating for the countries as it, in essence, excludes the country from trading or participating in commerce with the United States. This includes utilizing any of the US's banking resources or system.

It also means that US companies cannot sell weapons or a variety of other items to those countries and that US companies cannot buy from companies in those countries.

Question 18, help please

Answers

B no parent wants a disrespectful kid they are going to say it once not twice B is the answer plz make branliest thx

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