Federal Reserve Act

McCulley (2007) who used the term shadow banking during his address at the annual financial conference conducted by the Kansas City Federal Reserve bank in Jackson Hole, Wyoming.He defined shadow banking as entities involved in non-traditional banking system, activities that are outside the regular banking system. As stated by Pozsar et al in 2010…

“College Education”. These words are synonymous with the age group of 18-25, and for many, the doorway to a young adult’s life to create a prosperous future. Today, another age group is rekindling college education. That age group is known as the over 50 crowd. The group not only belongs to returning college graduates, but to first time students. The beneficial effects may be unknown to many, even the attendees, but the statistics are now supporting a very positive outlook on life in more…

the Monetary policy. Monetary policy refers to what the Federal Reserve Bank, the United Sates central bank, does to influence the amount of money in the U.S. economy. It controls the economy by managing amount of money available. By modifying money supply and/or interest rates, aggregate demand can shift. The Federal Reserve Bank is the central bank of US, which sets the overall policies and oversees all banks. The Federal Reserve Bank has three different tools it uses to either…

WASHINGTON — The Republicans said the Federal Reserve was secretive, ineffective and out of touch with the economic realities of ordinary Americans. The Democrats showered its policies with encomiums like “herculean.” And those were just the opening statements on Wednesday, as the Fed’s chairwoman, Janet L. Yellen, began two days of biannual testimony on Capitol Hill. Ms. Yellen functions as the nation’s economic weatherwoman, and on Wednesday, she sounded more worried than at her last public…

The purpose of the federal reserve system is conducting the nations monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices and also for maintaining the stability of the financial system and containing systemic risk that may arise in financial markets. The three tools of the federal reserve system is the discount rate, reserve requirements and open market operations. all those three tools…

Yellen’s speech at the Federal Reserve Bank of Kansas City’s annual conference on monetary policy in Jackson Hole. She stated that the case for a higher federal funds rate had recently strengthened. This hot topic of conversation subsequently shifted to one of how many hikes are potentially likely in 2016, as well as their timing. Chair Yellen’s intention was to put into play the 20-21 September Federal Open Market Committee (FOMC) meeting as an opportunity to raise the federal funds target.…

billionaire club has nearly doubled to over 800 members from the original 450 members they originally had. Chossudovsky has a firm stance on the highly controversial 2003 invasion of Iraq. He argues that the United States invaded Iraq to secure oil reserves for American oil giants and to secure the Dollar as the trading currency for Oil. With Iraq holding 11% of the 70% of available oil and being located in a prime location, the forced acquisition of Iraq was not made under the belief that…

2008 the Federal Reserve decide to lower interest in order to combat the high inflation and low employment growth. The recession slowly started to recover, during the summer of June 2009 it started to show improvement. After eight years of low interest rate (below zero). The Federal Reserve chairman Janet Yellen announced that the Fed would raise its targeted federal fund rate by 0.25, was post to do it June and/or September then decide to not to. Now in December 2016, the Federal Reserve is now…

tools” to influence economic growth, inflation, exchange rates and unemployment. The Monetary policy is controlled by the Central Bank. In the United States the Central Bank is the Federal Reserve (Fed). The Federal Reserve only has two mandates: stable prices and low unemployment. To meet these mandates the Federal Reserve uses “policy tools”. The theory is that by encouraging businesses and individuals to spend, with the use of policy tools, you can prevent an inflation or recession. One…

John Steele Gordon is a writer who for over the past 20 years has had articles published in multiple magazines and newspapers. He specializes in business and financial history, and he is a contributing editor to American Heritage, also since 1989 he has been the writer of a column titled “Business of America”. Not only has John Steele Gordon written for newspapers and magazines he has also written books such as; Hamilton’s Blessing: The Extraordinary Life and Times of Our National Debt (Walker,…