HGov: Monetary Policy

Gov Monetary PolicyThrough its monetary policy, Washington attempts to maintain a strong and stable economy—one characterized by high productivity, high employment, and low inflation. Monetary policy is based on the money supply and works through the Federal Reserve, which is headed by a board whose members hold office for fixed terms. The Fed is a relatively independent body, a fact that has given rise to questions as to whether it should play such a large role in influencing national economic policy.

1) Read Chapter 14 pp.445-474
2) Read Chapter 15 pp.481-511



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