Explain the role of the federal reserve

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Problem: Read the transcript video and submit an original (inyourownwords) synopsis/commentary of what you viewed. Submissions must be 150-250words. Be sure to include at least one specific principle from this chapter coverage as you see it illustrated in the video. (You don't have to reference a principle from each chapter-just tie the video concepts back to something you recognize from the text/PowerPoint content for the week). Chapter 21 discusses the Monetary System in detail. Inyourownwords, explain the role of the Federal Reserve (the Fed)? How much discretion should the Fed have? Should the Fed try to fine-tune the economy or simply keep money supply growing at a steady pace? Why?

Reference no: EM133494673

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