The Federal Reserve by Zachary Shuburte https://padlet.com/zshu/yds1hpyupi6ekral Economics 2nd hour en-us 2020-10-19 13:12:34 UTC 2023-05-18 13:22:32 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png History Of The Fed: zshu https://padlet.com/zshu/yds1hpyupi6ekral/wish/840973522 The federal reserve was established by Woodrow Wilson on December 23rd, 1913. The fed is designed to act as the U.S central bank, being used in the effort to build a more stable and secure financial system. ]]> 2020-10-19 13:36:51 UTC https://padlet.com/zshu/yds1hpyupi6ekral/wish/840973522 Background Of The Federal Chairperson: zshu https://padlet.com/zshu/yds1hpyupi6ekral/wish/840990525 The chairman of the fed is the most visible and active person when it comes to controlling the central bank. They provide a leadership authority figure and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range. The chairman and vice-chairman are both selected by the president and can both serve a 4 year period with the chance of reelection. 
Our current federal chairperson is Jerome H. Powell.]]> 2020-10-19 13:40:38 UTC https://padlet.com/zshu/yds1hpyupi6ekral/wish/840990525 The Board of Governors: zshu https://padlet.com/zshu/yds1hpyupi6ekral/wish/841008110 The board of governors is the main governing body of the U.S federal reserve, they  oversee the Federal Reserve Bank and help implement the monetary policy of the United States. Appointments to the board are supposed to consist of a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country.”]]> 2020-10-19 13:44:26 UTC https://padlet.com/zshu/yds1hpyupi6ekral/wish/841008110 The Four Tools The Fed Uses To Conduct Monetary Policy: zshu https://padlet.com/zshu/yds1hpyupi6ekral/wish/841032325 ~discount rate
~reserve requirements 
~open market operations 
~interest on reserves 
The fed uses these tools to influence the demand, supply, price of money, and credit to direct the nation's economic objectives. The Federal Open Market Committee (FOMC) is responsible for implementing open market operations, but the Board of Governors look after the discount rate and reserve requirements. ]]> 2020-10-19 13:49:39 UTC https://padlet.com/zshu/yds1hpyupi6ekral/wish/841032325 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ zshu https://padlet.com/zshu/yds1hpyupi6ekral/wish/841418388 2020-10-19 15:12:18 UTC https://padlet.com/zshu/yds1hpyupi6ekral/wish/841418388