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Objectives of the federal reserve bank

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Answer the following questions in your own words. Please do not copy and paste the answers from the documents. Be brief, summarize and paraphrase.

1. What are the objectives of the Federal Reserve Bank?

2. How does transmission of monetary policy work to move the economy toward the Fed's objectives? Briefly explain.

3. What is Federal Open Market Committee?

4. Briefly summarize the old framework: Monetary Policy under Limited Reserves.

5. How did the Financial Crisis in 2007-2009 change the monetary policy? Briefly explain.

6. Briefly explain the new framework: Monetary Policy under Ample Reserves. What are the Fed's new policy tools?

Reference no: EM133124055

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