Balancing Act: Debate over the Monetary Policy of the Federal Reserve
When the economy began to slow at the start of the new millennium, the Federal Reserve employed another policy used to control the economy, adjusting the federal funds rates. The Federal Reserve is an independent body appointed by the president with...
Balancing Act: Historical Relationship between the U. S. Government and the Nation's Economy
Government maintained a hands-off policy toward business and the economy for much of its early history. But in the early part of the 20th century it became more involved, breaking up trusts and establishing the Federal Reserve as the central bank fo...
Treasury and the Federal Reserve, The
Director of the National Economic Council and former Secretary of the Treasury Lawrence Summers talks about the importance of mutual respect between the Treasury and the Federal Reserve Bank. Secretary Summers recalls the close working relationship ...