Hello:
This week we started learning about Monetary Policy, it is just my first class this week and I am already hooked up.
This is a policy for keeping the supply of money in market and stabilize the interest rates so that the economy stays stable. Monetary policy is maintained by the Federal Reserve Bank here in the US. There are 12 fed reserve banks in US, at 12 different cities. (Sadly, none in Seattle) The fed reserve was established in 1913, and the chair person is Janet Yellen. She is one of my personal inspirations.
This week we started learning about Monetary Policy, it is just my first class this week and I am already hooked up.
This is a policy for keeping the supply of money in market and stabilize the interest rates so that the economy stays stable. Monetary policy is maintained by the Federal Reserve Bank here in the US. There are 12 fed reserve banks in US, at 12 different cities. (Sadly, none in Seattle) The fed reserve was established in 1913, and the chair person is Janet Yellen. She is one of my personal inspirations.
The Fed reserve bank in NYC
The Fed reserve's bank duties are following.
1. Maximizing Employment, making prices stable and keeping moderate interest rate.
2. Supervising and regulating banking institutions.
3. Maintaining stability and reducing the risk of financial market.
4. Providing financial services to depository institutions, the U.S.
government, and foreign official institutions, including playing a major
role in operating the nation's payments system.
For more information visit: Link (Fed's website)
Well this much for today, however writing this blog I got an idea to write about the influential personality in the fields of economics, especially women. Keep an eye for the next blog.
Ciao!
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