Federal Reserve System/Related Articles: Difference between revisions
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Revision as of 05:21, 2 August 2007
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Parent topics
- Central Bank [r]: A government agency that is responsible for monetary policy and the support of the banking system (for example the Federal Reserve Board and the Bank of England). Usually responsible for controlling a country's monetary policy and preserving the value of its currency. [e]
Subtopics
- Federal Reserve Act [r]: The Bill that established the Federal Reserve System. [e]
- Federal Open Market Committee [r]: A 12-member committee which sets the short-term monetary policy for the Federal Reserve System. [e]
- Federal funds rate [r]: The overnight interest rate at which banks lend balances at the Federal Reserve to other banks. [e]
- Federal Reserve Note [r]: Paper currency placed in circulation by Federal Reserve Banks. [e]
- Paul A. Volcker [r]: Chairman of the Federal Reserve 1979-1987 [e]
- Alan Greenspan [r]: Chairman of the Federal Reserve Board 1987-2006. [e]
- Ben Bernanke [r]: (1953 - ), now Chairman of the Board of Governors of the Federal Reserve System was previously Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University from 1996 to 2002. [e]
- Fractional-reserve banking [r]: The banking practice of lending out more money than is available as a reserve. [e]