Bob Brinker's Marketimer

  Tuesday November 21, 2017

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WHO MAKES MONETARY POLICY?
Learn even more about this topic with the Encyclopedia of Personal Finance™

Monetary policy is determined by a country's central bank.

In the United States, the central bank is called the Federal Reserve, or simply the "Fed."

Alan Greenspan, the current chairman of the Fed, is called by many the "second most powerful man in the world" for his ability to affect the worldwide economy. His words often move markets as he ponders future actions for the Federal Reserve.

The Federal Reserve controls the supply of money through changes in interest rates and through the purchase and sale of U.S. Government securities.

But how do these actions affect the entire economy? In the next section, you will learn how monetary policy affects the economy.




LEARN EVEN MORE WITH THE ENCYCLOPEDIA OF PERSONAL FINANCE. CLICK HERE!

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