What Is the Federal Reserve?
Congress created it to build a system that can respond effectively to stresses in the banking system (Federal Reserve Board).
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1.Which law created the Federal Reserve?
Congress created it to build a system that can respond effectively to stresses in the banking system (Federal Reserve Board).
2.Which two goals does the Fed's monetary policy mandate name?
Congress set those goals, not the Fed itself; price stability is consistent with 2 percent inflation over the longer run.
3.Which of these is one of the Fed's four general jobs?
The four jobs: monetary policy, supervision, financial stability, and services for the government and payment systems.
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