1000 results for “Federal Reserve”.
It is also worth noting that the Fed must understand how the relationship between its actions and the outcomes changes under different circumstances. For example, open market transactions put more money into the economy; they do not imply that spending will increase. Thus, more money in the economy will not necessarily lead to more growth, lower unemployment or higher inflation, even though the typical relationship is that they will.
The third part of the Fed's mandate is with respect to unemployment. The Fed notes that the central tendency of the unemployment rate in the U.S. is between 5.2% and 6.0%. This is basically the target range that the Fed has for unemployment The Fed only has the ability to influence employment. The employment issue is fairly complex, and there are a number of different variables. Monetary policy instruments are somewhat minor variables compared with some fiscal and trade policy instruments,…
Bernanke, B. & Kuttner, K. (2005). What explains the stock market's reaction to Federal Reserve policy? The Journal of Finance. Vol. 60 (3) 1221-1257.
Federal Reserve. (2013). Statement on longer-run goals and monetary policy strategy. Federal Reserve.gov. Retrieved April 19, 2013 from http://www.federalreserve.gov /monetarypolicy/files/FOMC_LongerRunGoals.pdf
The new government banks put heavy taxes on state banks, and they were forced to go under. After this, the government had a monopoly on banking and money again, and they used it to the fullest extent possible. One of the main problems with the banking system, though, was that there were still a lot of cash flow problems and other weaknesses that led to panics for individuals who were holding onto bank notes (Wells, 1987). There were many restrictions placed on new banks, and they could do virtually nothing. This was very frustrating for them, and they were not able to do anything that actually worked to help the economy in any way. Part of this came from a lack of branching out, but most was related to the strict control that was held over them.
Allowing the branching out of banks would have made things run more smoothly,…
Bankers Online. (2003). Regulation Z. Retrieved at http://www.bankersonline.com/regs/226/i226.html
Crutsinger, M. (2002). Greenspan says economic policy-makers will never be able to avoid all mistakes. AP Worldstream.
Dunbar, C.F. (1917). The Theory and History of Banking. 3rd Ed. New York: Knickerbocker Press.
FDIC. (1953). U.S. Federal Deposit Insurance Corporation. Annual Report. U.S. Department of the Treasury. Office of the Comptroller of the Currency Annual Reports, 1908, 1914, 1915.
During most of the last 20 years (from August 1987 to January 2006), the Fed was headed by Alan Greenspan whose personal economic philosophy to a large extent guided the Fed's actions. One of the features of the Federal eserve's "accommodative" policies was encouraging low interest rates, which was partly responsible for the longest period of economic expansion in U.S. history in the 1990s.
Assessment of the Efficacy of the Fed's Actions
The impact of all actions by the Fed during the last 20 years has not been without controversy. Encouraging of historic low interest rates and increased liquidity during much of the nineties, while contributing to a "feel good" wealth factor, has also been responsible for an unprecedented "housing bubble" in the U.S. that is currently threatening to burst. The Fed's over-enthusiastic support of the Bush administration's tax-cut policies has also contributed to the biggest current accounts deficit in…
Johannes, J.M. (2006). "Federal Reserve System." Microsoft Encarta Online Encyclopedia 2006. Retrieved on December 2, 2006 at http://encarta.msn.com/encyclopedia_761574452/Federal_Reserve_System.html
Schneiderman, R.M. (2006). "Update -- Goodbye Goldilocks?" Forbes.com. 12.01.06. Retrieved on December 2, 2006 at http://www.forbes.com/markets/economy/2006/12/01/ism-manufacturing-update-markets-equity-cx_rs_1201markets09.html
What are the Tools of Monetary Policy?" (2006). Federal Reserve Bank of San Francisco Web site. April 5, 2006. Retrieved on December 2, 2006 at http://www.frbsf.org/publications/federalreserve/monetary/tools.html
Although the Federal Reserve Banks are privately owned, they are not operated for profit.
The 12 Federal eserve Banks are the private sector check and balance to the Federal eserve. They have three primary roles: 1) To Establish and implement sound monetary policy, 2) To provide a number of financial services to banks (hence the term, Banker's bank -- loans, clearing house, etc.), and 3) The supervision of banks or bank holding companies (companies who own several banks). This system keeps the nation's banks in check for following rules, not discriminating in lending practices, and having enough resources to service its depositors. The Open Market Committee is the Fed's actual arm of decision making -- recommending what to do with the supply of money, interest rates, and the manner in which it lends money to banks, which translates down to the interest banks charge the consumer.
The Fed gets information from government sources, outside economic think thanks, and its own boards. The Fed, too,…
Osgood, C. (n.d.). "The Fed Today." Federal Reserve Education. Cited October, 2010,
There are three purposes of money: to act as a medium of exchange; as a store of value and as a unit of account (Helfield, 2011). Money as a medium of trade facilitates exchange, in that the counterparties are able to trade money for goods, instead of trading goods for goods, which is more complicated. As a store of value, money does not deteriorate (save via inflation), which is not the case with perishable goods. Money is a unit of account, meaning that money has a readily understood value -- we all know what a dollar is, and this makes it easier to track the amount of money one has or the value of something.
A central bank manages a country's monetary system by managing the amount of money in the system. A central bank can do this in a number of different ways, known as monetary policy…
Board of Governors of the Federal Reserve System press release. November 3, 2011. Retrieved November 19, 2011 from http://www.federalreserve.gov /newsevents/press/monetary/20111102a.htm
Helfield, N. (2011). The meaning of money: Its purposes and functions. Gold Eagle. Retrieved November 19, 2011 from http://www.gold-eagle.com/editorials_03/helfield022803.html
What are areas of comparative advantage of the United States and its trading partner? What are the benefits and disadvantages specific to this free trade agreement?
The country that was selected which has a trading agreement with the United States is Mexico. The biggest advantages that this is providing to everyone are: increased exports. According to the Office of the U.S. Trade epresentative, this is resulting in a sharp rise in sales for the following products including: vehicle parts ($56.7 billion), machinery ($63.3 billion), electrical machinery ($56.2 billion) mineral fuel / oil ($26.7 billion), plastics ($22.6 billion), grains ($2.2 million), red meats ($2.7 billion), fruits ($1.9 billion), vegetables ($1.8 billion) and private commercial services ($63.8 billion). These areas are offering competitive advantages for both countries. This is because they are reducing the costs that consumers have to pay for a host of products and services. ("North American Free Trade Agreement,"…
Fed Keeps Stimulus in Place. (2012). Reuters. Retrieved from: http://www.reuters.com/article/2013/01/30/us-usa-fed-idUSBRE90T0TF20130130
North American Free Trade Agreement. (2013). USTR. Retrieved from: http://www.ustr.gov/trade-agreements/free-trade-agreements/north-american-free-trade-agreement-nafta
The Abandoned City of Detroit. (2012). ZFein. Retrieved from: http://zfein.com/photography/detroit/index.html
Federal Reserve Board
The First District (Boston) economy shows few signs of improvement. Retailers cite disappointing December (2002) results, although some gained in January and February (2003). Most manufacturing contacts report weak demand for goods. Commercial real estate markets in New England remain very slow - no one wants to buy. Most software and information technology providers report that demand is declining. The outlook for Boston is highly uncertain and virtually no contacts are making plans based on expectations of an upturn.
Conditions in the travel and tourism sector in the First District seem to remain weak; contacts report hotel occupancy rates in the Boston area remain low because of light corporate and international travel.
Those in the insurance industry report prosperous financial results, in combination with continuing rate increases for the last quarter of 2002. Companies in the property and casualty arena continue to purport high demand…
Federal Reserve Board. Federal Reserve Board Beige Book (December 2003).
Validity and reliability have not been addressed in this paper at all. There is no empirical test being proposed for the paper. The a priori conclusion of the paper, in the absence of research, begs serious questions about the validity of this research. If you think you already know the answer, why ask the question?
In terms of style, the proposal sounds disjointed, and the giant paragraphs do not help. Ideas are somewhat developed, however. There are some minor grammar/spelling errors, such as capitalizing 'gold standard' and 'fiat money.' Slang phrases like "blown away" should be avoided. Avoid first person if possible. Citations need to be improved dramatically, using proper APA style. The lack of proofreading is apparent. The style needs to be tighter as well, to improve professionalism. Stick to the facts.
There are not nearly enough citations in the body of the work. Use APA style…
Federal eserve Tools
The Federal eserve has certain actions it implements to help in the promotion of national economic goals and to influence the overall availability of money (Board of Governors of the Federal eserve System, 2012). These actions make up what is known as monetary policy, which consists of three tools that the Federal eserve uses to influence the economy with aims of pulling the economy out of recession. During a financial crisis such as that experienced in the United States in 2007-2008, The Federal eserve was the only official body that had the power to make a real difference (Cecchetti, 2009). These three tools include open market operations, the discount rate, and reserve requirements (Board of Governors of the Federal eserve System, 2012).
The main tool used by the Federal eserve to influence monetary policy is open market operations. This tool entails the purchases and sales of federal…
Federal eserve in stabilizing the economy using monetary policy tools. The paper is divided into six major sections. The first section introduces the Federal eserve by highlighting its objectives, roles, and composition. The second section explains its role and effectiveness in stabilizing the current U.S. economy. The next section discusses some important economic indicators which the Federal eserve can analyze for better economic stabilization. The fourth section is dedicated for a brief discussion on different monetary policies which the Federal eserve can use to influence the money supply in the country. The final two sections explain the strengths and weaknesses of monetary policy as compared to fiscal policy and its effect on the aggregate demand and supply model.
Introduction: The Federal eserve
The Federal eserve System is the central bank of the United States of America. It is also called as Federal eserve or simply as Fed. It is the…
Federal Reserve, (2013). Economic Research and Data. Retrieved on February 25th, 2013,
Federal Reserve, (2013). Federal Open Market Committee. Retrieved on February 25th, 2013, from
Federal Reserve, (2013). The Structure of the Federal Reserve System: The Board of Governors of the Federal Reserve System. Retrieved on February 25th, 2013, from
What tools are used by the Federal Reserve to implement monetary policy?
Monetary policy refers to the actions undertaken by the Federal Reserve, which is the central bank, to control credit and its flow within the United States economy. Significantly, what occurs with money and credit influences interest rates and also the performance of the nation’s economy as a whole (Federal Reserve Education, n.d).
The Federal Reserve presently utilizes numerous tools in the implementation of monetary policy about its statutory obligation to nurture maximum employment and stability in prices. The following are the tools:
1. Open market operations (OMO)
The Fed carries out OMO in domestic markets. The terminology open market implies that the Federal Reserve does not decide on its own concerning the kind of securities dealers it will carry out business with on a certain day. Instead, this choice emanates from an open market whereby the different securities…
Case Assignment: Banking Industry and Regulation: To Regulate or Not to Regulate?
In order to be effective, regulation must focus on issues that make a difference. For instance, a school might regulate the use of the drinking fountain—but if it has a drug problem, no amount of drinking fountain regulation is going to make one ounce of difference in curbing drug use by students. The same analogy can be applied to the banking industry in the U.S. The U.S. has a central banking problem—i.e., it has given over its natural sovereign right to coin its own currency to a group of bankers, who print money when and lend it to the government at interest. This practice effectively places the Federal Reserve in a sovereign position, since it wields a sovereign power, recognized for centuries—millennia even—throughout all history all over the world. Why this transfer of power was approved by…
The Federal Reserve
-What is the mission, or goals, of the Fed?
The Fed concerns itself with the enhancement of “the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems so as to promote optimal macroeconomic performance” (Federal Reserve, 2018).
-Explain the structure of the Fed and the hierarchy of governance.
The Federal Reserve entities charged with decision making regarding the nation’s economic stability are; the Federal Reserve Board of Governors, The Federal Reserve Banks, and the Federal Open Market Committee (Federal Reserve, 2018). The Federal Reserve System is overseen by Congress.
-Is the Fed a public or private entity? Who owns the Fed?
The fed is a public entity. The Fed is an independent institution, and is not owned by any specific person/entity. It is overseen by Congress.
-If issuing Federal Reserve Notes stimulates the economy, why not print money indefinitely?
Printing money indefinitely would not…
Federal eserve Board is the most powerful financial institution in the country and is actually the Central bank of United States. This institution is responsible for regulating financial system of the country by formulating monetary policies and by changing the fund rates. The Fed is not completely independent and works together with the administration and the Department of the Treasury. It is responsible for formulating and implementing monetary policies in the United States. Even though not independent Federal eserve has the power to single-handedly introduce appropriate regulations and changes in order to control the financial markets. Federal Bank is commonly referred to as the Fed and it has lately been in the news quite consistently and persistently. The headline-making monetary measures have made the public take notice of the way monetary system works in the United States.
USA Business in its (1995) issue wrote, "The Fed exercises control over money…
Financial Institutions., USA Business, 05-31-1995.
David L. Scott, federal funds rate., Wall Street Words, 01-01-1988
Fed's Ferguson: Monetary Policy Still 'Accommodative'" DOW JONES NEWSWIRES, Wall Street Journal online October 29, 2004 3:22 P.M.
The key information in the January 14, 2004 Federal eserve summary ranged from mildly encouraging to 'no change' as far as the economy was concerned. Virtually all areas were experiencing small amounts of employment growth, although there were pockets of decline as well. ("Beige Book," January 14, 2004)
In fact, retail sales were up a small amount, mainly because upscale retail stores were having a good season, although the lower end of the market was faring less well. ("Beige Book," January 14, 2004)
Layoffs and flat wages were a big part of the employment picture. The "Beige Book" reported:
Louis reported layoffs in the biotechnology, food, and tobacco industries. Petrochemical producers suffered from overcapacity in the Dallas district and continued to lay off workers in the Atlanta district. In addition, producers of paper goods in the Boston and Philadelphia districts reported some weakness. (January 14, 2004)
Dinsmore, Christopher. (January 30, 2004) "Expert says expect job growth, higher interest rates this year; profits, exports to rise. (Business) The Virginian Pilot. Retrieved February 5, 2004 at http://www.highbeam.com/library/doc3.asp?DOCID=1G1:112745792&num=16
Richards, Meg. (January 30, 2004) "Wall Street's mood swings over Fed statement puts interest rates in focus." AP Worldstream. Retrieved February 5, 2004 at http://www.highbeam.com/library/doc3.asp?DOCID=1P1:90244398&num=8
Summary." ("Beige Book.") (January 14, 2004) Federal Reserve Bank. Retrieved February 5, 2004 at http://www.federalreserve.gov /fomc/beigebook/2003/20030115/FullReport.htm
Thieberger, Victoria. (January 15, 2004) "Fed sees steady rates, gradual pickup in jobs." Reuters. Retrieved February 5, 2004 at http://biz.yahoo.com/rf/040115/economy_fed_5.html
ather than propping up "bad blood" and allowing the "illusion" of wealth to continue to be fostered, the Federal eserve should allow the market to flush out the "bad blood" and operate the way it is intended.
In conclusion, the good that the Federal eserve does is to monitor economic policy, encourage maximum employment and long-term stability. The way it does so, however, especially in times of crisis such as the world is currently experiencing is highly criticized by economists who do not support managerial decisions made by Bernanke and others. As on Paul states, the Federal eserve could better itself by putting an end to fractional reserve banking and allowing institutions, which are filled with bad debt, to collapse rather than continuing to prop them up at taxpayers' expense. Doing so only helps bring down the value of the dollar, which it is supposed to protect.
Halloran, M. (2009). Systemic Risks and the Bear Stearns Crisis. The Road Ahead for the Fed. CA: Hoover Institution Press.
Kohn, D. (2009). Monetary Policy in the Financial Crisis. The Road Ahead for the Fed.
CA: Hoover Institution Press.
Mission. (2009). Federal Reserve. Retrieved from http://www.federalreserve.gov /aboutthefed/mission.htm
Federal eserve Operations in the United States
Functions of the Federal System in Control of Money Supply
The discount rate, according to the federal system, is the interest rate, which the Federal eserve imposes on the loans it gives to Federal Banks that are troubled and need financial support. Processing of lending to the banks is done through the 'discount window', which in most cases is controlled by the eserve Banks.
Factors influencing Federal eserve to adjust discount rates
Discount rates provided by the Federal eserve to the borrowing banks is in most cases used as tools in controlling the amount of money supply in the country's economy (Wiedemer & Baker, 2012). Currently, the Federal eserve (Fed), uses the discount rate strategy widely and frequently, because of the nature of the tool, which is simple to implement and convenient for the public. In most cases, two factors will lead to…
Delaney, P.R. & Whittington, O.R. (2012) Wiley CPA Exam Review 2012, Business Environments and Concepts. Hoboken, NJ: John Wiley and Sons.
Mankiw, N.G. (2011) Principles of Macroeconomics. Mason, OH: Cengage Learning.
Mastrianna, F.V. (2009) Basic Economics. Mason, OH: Cengage Learning.
Reilly, F.K. & Brown, K.C. (2011) Investment Analysis and Portfolio Management (With Thomson One-Business School Edition and Stock-Trak Coupon). Mason, OH: Cengage learning.
Federal Reserve Policies 2000-
The first decade of the 21st century saw the U.S. economy on a peripatetic through tumultuous events, euphoric highs, and abysmal lows. The ten-year window highlighted three periods: 2000-2004, 2004-2007, and 2007-2010 in which the Federal Reserve actively utilized their policy levers to achieve their dual policy mandate of full employment and low inflation. The Fed's policy bag includes: the Fed funds rate, open market operations, discount rate, reserve requirements, and margin rates all of which were utilized during these three periods to achieve the ostensible goals of Fed policy. t is worth noting that in each of the three periods the Fed responded to economic conditions which they perceived to be harbingers of either inflationary pressures or anemic GDP and employment growth.
On March 10, 2000 the NASDAQ composite, a stock index representative of high flying dot-com companies, peaked at 5048 (Zarroli, J. March…
It is far too easy to be a Monday morning quarterback in regards to Fed policy and its role in igniting the financial crisis of 2008-2010, yet economists and pundits nevertheless look to the Fed as an easy target for the deleterious recession. One of the expected effects of monetary easing through open market operations of bond purchases, low Fed funds rates, and low discount rates is that credit in the banking system has a mellifluous flow which allows for greater lending to business and consumers. It is not surprising then that mortgage lending boomed in the years 2000-2004 with Fed funds rate declining throughout the period and mortgage rates at multi-decade lows. What is surprising however is the extent to which housing values skyrocketed from 2000-2007?
"From 2000 through 2006, national home prices rose by 88.7%, far more than the 17.5% gain in the consumer price index or the paltry 1% rise in median household income" (Siegel, J. October 27, 2009).
While low rates certainly did contribute to the boom in housing, the greater cause of the home price bubble growth and implosion which the country is still feeling the effects of, was Freddie, Fannie, low underwriting standards, NINJA products, and no down payments. The housing bubble burst in 2007 some three years after the Fed started raising the Fed funds rate; as such the logic of economists such as John Taylor is confusing at
The Federal reserve realized the big negative impact of MBS and announced a 600 billion program in November 2008 to purchase these securities and this helped to bring back some liquidity into the market. In March 2009, it added another $750 billion to bring the total to $1.25 trillion.
The Fed has the power to create or print more money to increase money supply in the market and this is exactly what it did. Though the downside of this measure is inflation and an increased balance sheet for the Fed, Ben Bernanke, the chairman of the Federal eserve felt it was imperative to boost the economy. Through this tool, the Fed generated money and provided it to large corporations that depend on loans to ensure that their growth was not drastically affected. The Fed executed this policy through the lending institutions to increase economic activity and the dependent employment numbers.…
Spriggs, William; (June 2006). Getting to Know the Nation's Central Bank. Crisis. Vol 113(4). pp17-19.
Board of Governors of the Federal Reserve System. (2012). Retrieved from: federalreserve.org
Bureau of Labor Statistics. (2012). Retrieved from: http://www.bls.gov
No author. (June 8, 2009). Ben Bernanke's Greatest Challenge. CBS News. Retrieved from: http://www.cbsnews.com/stories/2009/03/12/60minutes/main4862191.shtml
Federal eserve Bank
Financial services as an industry has progressed to become one of the widely transforming sectors of the global economy, having significant changes in information transference and processing, innovation in terms of commodities and processes, and rapid competition among the financial institutions -- among themselves and also among their several customers. The industry and its part in the transformations in the economy show that the supervising and regulatory structure also needs to be reevaluated periodically. The aim of bank regulation is mostly the same -- to attain maximum static and dynamic efficiency levels in the midst of a politically and economically permissible framework which is stable and equal. However the profits are always associated with a cost by means of stability and equity. A more stable and equal financial system usually need sacrifices with regard to efficiency. (Saunders, p. 3)
A properly functioning, effective banking system is necessary…
Federal Reserve System. Encyclopedia Article. http://encarta.msn.com/encyclopedia_761574452/Federal_Reserve_System.html Accessed on 7 May, 2005
FR 2644- Weekly Report of Selected Assets. http://www.chicagofed.org/banking_information/financial_institute_reports_fr2644_instructions_and_worksheets.cfm Accessed on 7 May, 2005
FR 2900 Commercial Banks -- the Federal Reserve Board. http://www.federalreserve.gov /boarddocs/reportforms/ReportDetail.cfm?WhichFormId=FR_2900cb& WhichCategory=4 Accessed on 7 May, 2005
Garbade, Kenneth D. Recent Innovations in Treasury Cash Management. Federal Reserve Bank of New York. Current Issues in Economics and Finance. Vol: 10; No; 11; pp: 2-11.
" (Structure of the Federal eserve System)
The 12 Federal eserve Banks extend banking service to the depository institutions and also to the federal government. To the financial institutions it takes the responsibility of maintaining reserve and clearing out accounts and entails various payment services incorporating checks, electronically transferring funds and circulating and receiving coins and currency notes. As the banker of the Federal Government they function as fiscal agents. They maintain the Treasury Department's transaction account; they pay treasury checks; enable to process electronic payments and issue transfer and redeem U.S. government securities. (eserve Bank Services)
The functions of Federal eserve start with the formulation of the Monetary Policy in accordance with the needs of the national economy. The Federal eserve System provides three basic tools for conducting the monetary policy such as open market operations, discount rate and reserve requirements. The Open Market Operations is used as the…
Federal Reserve Bank of Minneapolis: Historical Overview. Retrieved at http://minneapolisfed.org/info/mpls/history/overview.cfm . Accessed 11 November, 2005
Ferguson, Robert. W. The Evolution of Central Banking in the United States. Retrieved at http://www.federalreserve.gov /boarddocs/speeches/2005/20050427/default.htm. Accessed 11 November, 2005
Frequently asked Questions: Federal Reserve System. Retrieved at http://www.richmondfed.org/faqs/index.cfm?faq=Federal%20Reserve%20System . Accessed 11 November, 2005
How the Fed works. Retrieved at http://www.clevelandfed.org/about/threefrs.htm . Accessed 11 November, 2005
The current state of the United States economy is not encouraging. Even though there has been false hope about it, the chances are that it will hardly last for long. The long-term trends that are negatively impacting the economy and financial system are showing no signs of reducing. As each day passes, the economic foundations of the country continue to crumble. The debt of the country has increased and the population is consuming more wealth than what is produced. In addition, unemployment and inflation levels are high coupled with slow economic growth, which remain the main features of the U.S. economy. The Federal eserve is the key to solving the current economic situation that is experienced in the U.S. This is because it is the central bank of the United States and the operations of every bank are monitored by the Federal eserve (Hafer, 2005). In 1913, the…
Axilrod, S. (2009). Inside the Fed: Monetary Policy and its Management, Martin through Greenspan to Bernanke, New York: MIT Press.
Hafer, R. (2005). The Federal Reserve System: An Encyclopedia, Westport: Greenwood Publishing Group.
Mankiw, G. (2011). Principles of Economics, New York: Cengage Learning
Meltzer, A. (2010). A history of the Federal Reserve, Volume 2, New York: University of Chicago Press.
This is the interest rate that banks lend their balances on at the Federal Reserve to other banks. It exercises this control by influencing the demand for and supply of these balances through the following means:
Open market operations -- the purchase or sale of securities, primarily U.S. Treasury securities, in the open market to influence the level of balances that depository institutions hold at the Federal Reserve anks (The oard's Publications Committee, 2005).
Reserve requirements -- requirements regarding the percentage of certain deposits that depository institutions must hold in reserve in the form of cash or in an account at a Federal Reserve ank.
Contractual clearing balances -- an amount that a depository institu-tion agrees to hold at its Federal Reserve ank in addition to any required reserve balance.
Discount window lending -- extensions of credit to depository in-stitutions made through the primary, secondary, or seasonal lending programs (The…
Federal Reserve Bank of San Francisco. (n.d.). The federal reserve system is the central bank of the United States. Retrieved May 18, 2009, from Federal Reserve Bank of San Francisco: http://www.frbsf.org/publications/federalreserve/fedinbrief/central.html
Obringer, L.A. (2002, May 02). How the fed works . Retrieved May 18, 2009, from HowStuffWorks.com: http://money.howstuffworks.com/fed2.htm
The Board's Publications Committee. (2005). The federal reserve system purposes & functions. Washington, D.C.: Board of Governors of the Federal Reserve System.
S. growth will proceed at a crawl in 2008, which will provide little comfort for the dollar" and most certainly call for intervention again by the Fed. "In some fashion the dollar will continue to decline," according to Adnan Akant, a specialist in currency at Fischer Francis Trees & atts, money managers in New York City. For investors, Slater continues, having a weaker dollar offers choices; to wit, if you believe the decline has further to go before it bottoms out, buy stocks in currencies that are hot right now. If the dollar weakens, the returns from those stocks will be more valuable when they are converted back into dollars, Slater assures.
Baker, Gerald. (2007, November 25). Beauty deals a beastly blow to the U.S. Dollar. The Times. Johannesburg South Africa. Retrieved Nov. 24, 2007, at http://www.thetimes.co.za.
Federal Reserve System. (2007). Purposes & Functions. Retrieved Nov. 24, 2007,…
Baker, Gerald. (2007, November 25). Beauty deals a beastly blow to the U.S. Dollar. The Times. Johannesburg South Africa. Retrieved Nov. 24, 2007, at http://www.thetimes.co.za .
Federal Reserve System. (2007). Purposes & Functions. Retrieved Nov. 24, 2007, at http://www.federalreserve.gov /pf/pdf/pf_1.pdf.
Slater, Joanna. (2007, November 24.). Falling Dollar Takes Investors for a Ride. The Wall
Street Journal Sunday, p. D3.
It might seem strange that despite its central role in government affairs, that it is still somewhat privately owned. There are also regional branches, located in 12 states. This allows the Federal eserve to protect and stimulate regional economies all over the nation. The Federal eserve was created in a very unique way which sets it apart from the control of Congress and the Senate. When it was established, the creators wanted to make sure that no administration could have too much control, or to use it for their own good. So the bank was established independent of the Federal Government, running itself. This keeps greedy hands in the Government from reaching too far into the nation's reserves for their own selfish purposes. Congress has recognized that it is an independent financial institution, and therefore with no interests in arty politics or election years.
Federal eserve Bulletin. "The Federal…
Federal Reserve Bulletin. "The Federal Reserve in the Payments System - Policy
Statement Update." Bnet. http://findarticles.com/p/articles/mi_m4126/is_n5_v76/ai_9038455 . May 1990.
Collateralized loans will have demonstrably greater security than uncollateralized loans.
While these measures seem sound and will hopefully ensure that no institution will be penalized for making the types of loans that are necessary for the international economy to remain functional, much still needs to be done in exercising oversight over the practices that lead to the failure of Lehman Brothers in the first place. A lack of transparency in financial dealings remains a concern, and there are still a variety of financial instruments that are poorly regulated -- moreover, the precipitous drop in interest rates orchestrated by the Fed to stimulate the economy could give rise to yet another crisis of over-borrowing and widespread consumer debt. Greater regulation and oversight is necessary as well as greater insurance of debt.
Press release. (2008, December 18). The Federal eserve. etrieved November 18, 2009
Press release. (2008, December 18). The Federal Reserve. Retrieved November 18, 2009
Their basis of criticism is that it had very expansionary monetary policy in the early days that gave room for misallocation of various capital resources. This lead to various undesirable economic scenarios such as the support of a massive stock price bubble. It has been argued that even though the Federal reserve did not cause the Great depression, it mitigated it through the unnecessary contraction of the money supply which was not necessary at that time since the markets by that time needed to be liquidated (Friedman, 1985).He argued that the Fed should be overhaulead and then replaced by a specialized computer system whose role would be to set rates that are derived from the standards econometrics. However, the Australian School economists have argued that the Fed's manipulation of the supply of money in order to put a halt on "gold flight" away from England lead to serious financial malinvestment…
Friedman (1985), "The Case for Overhauling the Federal Reserve," Challenge magazine article
Taylor, John B. (2007). "Housing and Monetary Policy," NBER Working Paper Series 13682.
Temin, P (1976).Did Monetary Forces Cause the Great Depression? New York: W.W. Norton,
Federal Reserve oard [...] history of the oard, and what its purpose is in the United States. The Federal Reserve oard is an integral part of the Federal Reserve System of the United States, and it creates and maintains much of the monitorial policy of the nation. The board members are responsible for the monetary health and security of the country, and so shoulder a huge responsibility to the country and to the people.
THE EARLY FED
The Federal Reserve oard is the governing element of the Federal Reserve System, which an act of Congress established on December 23, 1913. The board contains seven members, and is referred to as the "oard of Governors." The seven board members are:
Appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may serve only one full term, but a member who has been appointed to complete…
Federal eserve System is.
The Federal eserve System
The Federal eserve serves as the central bank of the United States. It was founded by the Congress in 1913 to serve the function of provide the nation with a secure and committed monetary and financial system.
Today the Federal eserve holds the responsibilities in four areas: (1) conducting the nation's monetary policy; (2) supervising and regulating banking institutions and protecting the credit rights of consumers; (3) maintaining the stability of the financial system; and (4) providing certain financial services to the U.S. government, the public, financial institutions, and foreign official institutions.
The Federal eserve System is controlled by the Board of Governors of the Federal eserve System who formulate the initial margin requirements under egulations T, U, and X. Margin loan increases and decrease in aggregate value and relative to market capitalization, affect margin requirements instrumentally affecting the prices of common…
Assess the Effectiveness of the Federal Statistical System in Providing Relevant, Reliable, and Timely Information that Meets Federal Program Needs, available at http://www.gao.gov/sp/html/strobj326.html , accessed on: October 28, 2003
Board of Governors of the Federal Reserve System, available at http://www.federalreserve.gov , accessed on: October 28, 2003
Federal Reserve Bank of Minneapolis -- the Region -- the Future of Rural America (June 1995), available at http://minneapolisfed.org/pubs/region/95-06/reg956b.cfm , accessed on: October 28, 2003
Margin requirements, margin loans, and margin rates: practice and principles, available at http://netec.mcc.ac.uk/WoPEc/data/Articles/fipfedbney:2000:i:sep:p:19-44.html, accessed on: October 28, 2003
In addition to managing the value of the U.S. dollar through interest rate policy, the Fed also engages in foreign currency operations. This involves the buying and selling of U.S. dollars on global currency markets. Doing so can expand or contract demand for the dollar, thereby increasing or lowering its value. The Fed does this in order to create demand for U.S. products, or to help fight inflation.
In the Fed's role as one of the supervisors and regulators of the banking system, it has been gifted with certain enforcement mechanisms. The Fed can use both formal and informal actions to control the behavior of banks. The first step in enforcement is that the Fed will present to the managers of the bank in question all of its findings and demand that the issues be addressed. If the bank does not comply, the Fed will then request that the bank…
Federal Reserve website, various pages. (2009). Retrieved November 16, 2009 from http://www.federalreserve.gov /
Federal Reserve buys government bonds, it increases the overall money supply in the nation and thus pursues an expansionary monetary policy. Through buying bonds the Fed increases the amount of reserves in the banking system, leading to more loans and hence more deposits. Since deposits are part of the money supply, the money supply increases. This is often done in combination with lowering interest rates to speed up the economy by infusing it with a larger available supply of money to spend upon consumer goods.
Conversely, by selling government bonds and reducing interest rates, the Federal Reserve reduces the overall money supply. The money supply is determined by the amount of currency and bank deposits held by the public, as well as the amount of reserves held by banks. When prices and inflation are going up, the Federal Reserve tries to slow down the economy by making fungible money scarcer,…
Alan Greenspan's testimony starts with a comparison between the state of the U.S. economy in July 2004, time of his present testimony, and the state of the economy in February 2004, the time of his previous testimony in front of the U.S. Congress.
In February 2004, the main problem of the U.S. economy, as identified by Greenspan, was the fact that the company's increase in income and net profits were related to a better use of human resources rather than on an increase in employment. In other words, despite the fact that the economy was on the rise, it failed to produce new jobs. This was a direct consequence, in Greenspan's opinion, of the risks associated with increased employments, more notably "corporate accounting and governance scandals," a "decline in stock prices" and the overall "geopolitical tensions"
As compared to the unemployment situation in February 2004, the period up to July…
1. Testimony of Chairman Alan Greenspan Federal Reserve Board's semiannual Monetary Policy Report to the Congress. July 2004. On the Internet at http://www.federalreserve.gov /boarddocs/hh/2004/july/testimony.htm
2. CBO's Current Economic Projections. January 2005. On the Internet at http://www.cbo.gov/showdoc.cfm?index=1824& ; sequence=0#table3
3. Yen Heads for Fourth Straight Week of Declines on Economic Growth Concern. Bloomberg. On the Internet at http://www.bloomberg.com /news/markets/currencies.html
4. International Monetary Fund World Economic Outlook. Chapter 2 -- The Global Implications of the U.S. Fiscal Deficit and of China's Growth. Page 64. On the Internet at http://www.imf.org/external/pubs/ft/weo/2004/01/pdf/chapter2.pdf
The United States banking system has been around for quite a while. Indeed, the Bank of New York was founded in 1784, a scant eight years after the United States was created. The banking system has two major functions. First, they operate an overall payments system. Second, they facilitate and allow for financial intermediation. There was no formal financial system in the colonial states prior to the formation of the United States. The modern form of the banking system has only really been around since the early 1900's. The nascent form of the banks as they exist today was created by Alexander Hamilton. As of the inauguration of George Washington in 1789, only three banks existed in all of the colonies. Generally speaking, banks are typically financial institutions that are chartered and regulated mostly by the state in which the bank or banks operate. The banking system of…
Sylla, R. (2016). The U.S. Banking System: Origin, Development, and Regulation -- The Gilder
Lehrman Institute of American History. Gilderlehrman.org. Retrieved 19 April 2016,
Utt, R. (2008). The Subprime Mortgage Market Collapse: A Primer on the Causes and Possible
Fed's Bullard: Current Fed Policy Much Easier Now Than in 2012, which was published by The Wall Street Journal on February 14th, 2013, financial reporter Michael S. Derby methodically examines the claims of Federal eserve officials, who have stated that changes to their monetary policy have proven to be productive over the last year. The purpose of the article is to provide readers with access to the latest public statements made by Federal eserve Bank of St. Louis President James Bullard, a voting member of the monetary policy setting Federal Open Market Committee (Derby, 2013) who recently rendered his appraisal of the Fed's latest round of adjustments to its monetary policy. Derby makes reference to a crucial modification in which "the Fed decided to commit to keeping short-term interest rates near zero percent until what is now a 7.9% unemployment rate falls below 6.5%, as long as expected inflation doesn't…
Derby, M.S. (2013, February 14). Fed's bullard: Current fed policy much easier now than in 2012. The Wall Street Journal. Retrieved from http://online.wsj.com/article/BT-CO - 20130214-712932.html
Federal eserve atio
What federal reserve ratio? Why important?
The Federal eserve ratio refers to the funds banking or depository institutions are mandated by law to hold against their deposit liabilities. This fund is a proportion of the amounts of money banking or depository institutions hold in form of net transactions accounts and deposits that make up the institution's liability to its customers. This proportion is a predetermined ratio arrived at through policy reforms targeting to safe guard the interests of its citizenry and controls the volume of money supply in an economy (ose & Sylvia, 2010).
The sets to enforce a legal safe guard measure to serve the interests of economy's depositors with the banking industry (ose & Sylvia, 2010). In this perspective, if a federal reserve is set as 11% of the banks liability, the banks are expected to deposit with the central bank/reserve bank an amount equal…
Rose, P.S., & Sylvia, C.H. (2010). Bank Management and Financial Services, 8th Ed. New York: McGraw-Hill.
tactics that the Federal Reserve uses to manage the economy. The Federal Reserve has a mandate to manage the overall health of the economy (usually GDP), the inflation rate and the unemployment rate. To strike the right balance, it utilizes a number of different techniques. The three main ones are open market transactions, the discount rate, and reserve requirements. All three of these can be used as part of either an expansionary or contractionary strategy.
An expansionary strategy is one that seeks to stimulate economic growth. In general, some degree of economic growth is always desirable. Expansionary policy encourages business investment or it pumps money into the economy. By altering the supply and cost of money, the Federal Reserve can encourage business investment, but also to a lesser degree consumer spending. Expansionary strategy should increase the GDP, increase inflation and lower the unemployment rate.
At times, however, the economy could…
US Department of the Treasury. (2013). Daily Treasury yield rates. USDT. Retrieved March 13, 2013 from http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
Federal Reserve Bank of New York. (2013). The yield curve as a leading indicator. Federal Reserve Bank of New York. Retrieved March 13, 2013 from http://www.newyorkfed.org/research/capital_markets/ycfaq.html
Government Sanctioned Monopoly: The Electric Company: for the Public's Good or Ill?
The defined concept of a monopoly causes many students of economics to assume that any company that engages in monopolistic practices is automatically illegal, according to the Sherman Anti-Trust Act of the United States. A monopoly simply stated is an economic entity that completely dominates one facet of industry or one service industry. It alone sets the price of the good or service it is selling, because it has no competition, in contrast to the perfect competition of a competitive marketplace or even the limited competition of an oligopolistic marketplace. But occasionally the United States government allows certain organizations to behave as corporate monopolies for the public good, such as electrical power.
The reason electrical power companies are one a such a market situation where monopolies are allowed, in fact encouraged (as these utility monopolies are not generated…
King, William. (2005)"Government Ownership." Drexel University. Retrieved 16 Aug 2005 at http://william-king.www.drexel.edu/top/prin/txt/Monch/mon27.html
King, William. (2005)"Natural" Monopoly," Drexel University. Retrieved 16 Aug 2005 at http://william-king.www.drexel.edu/top/prin/txt/Monch/Mon25.html
King, William "Regulation," Drexel University. Retrieved 16 Aug 2005 at http://william-king.www.drexel.edu/top/prin/txt/Monch/mon29.html
Moffat, Michael. (2005) "Economic Definition of a Natural Monopoly," About.com. Retrieved 16 Aug 2005 at http://economics.about.com/cs/economicsglossary/g/naturalmonopoly.htm
It is thought that the pace of the recovery will be slowed by people's desire to rebuild wealth, still-tight credit conditions facing some borrowers, and, despite some tentative signs of stabilization, continued weakness in labor markets. With considerable resource slack continuing to suppress cost pressures and with longer-term inflation expectations stable, it is thought that inflation subdued for some time (Monetary Policy eport to the Congress, 2010).
The Federal eserve has continued to support the functioning of financial markets and promote recovery in economic activity doing a wide array of things. The Federal Open Market Committee (FOMC) has maintained a target range of 0 to 1/4% for the federal funds rate throughout the second half of 2009 and early 2010. They have also continued to purchase Treasury securities, agency mortgage-backed securities (MBS), and agency debt in order to provide support to mortgage and housing markets and to improve overall conditions…
The Federal Reserve Board Its Purposes and Functions. (2005). Retrieved June 25, 2010, from Federal Reserve Web site: http://www.federalreserve.gov /pf/pf.htm
Monetary Policy Report to the Congress. (2010). Retreived June 25, 2010, from Federal Reserve
Federal Reserve Policy
he Federal Reserve through open market operations can be a net seller or buyer of U.S. reasuries. As a net seller of bonds the Fed is enacting policy which will tighten the money supply taking money out of circulation. he policy is conducted as follows: he Federal Reserve Open Market Committee instructs the trading desk at the New York Federal Reserve Bank to sell a specified amount of their holdings of U.S. reasuries. In doing so, investors will purchase these bonds from the FED through their currency or bank deposits, thereby reducing the amount of dollars held by the investor. he transaction reduces the money supply by a reduction in currency held by the public and reduced bank deposits. Consequently, banks will have fewer deposits and as a result "find themselves with a smaller quantity of reserves. In response, banks reduce the amount of lending,…
The 'Great Recession' prompted the Fed to take unusual steps including the initiation of short-term liquidity funding programs for financial institutions, credit markets, and investors including: "the Term Asset-Backed Securities Loan Facility (TALF), the Money Market Investor Funding Facility (MMIFF), and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF)" (Board of Governors of the Federal Reserve. N.D.). These facilities provided funding and liquidity to entities during and after the crisis which provided much needed stability. Perhaps the most unique step undertaken was the use of 'quantitative easing' designed to stimulate the economy. Because the fed funds rate had already been reduced to near zero, and with other interest rates at historic lows, the Fed expanded their balance sheet by buying over a trillion dollars of treasuries and mortgage backed securities. A second round of purchases known as QE2 began in the third and fourth quarter of 2010. The ostensible purpose of 'quantitative easing' is to bolster asset prices, increase the money supply, and reduce borrowing costs through lower interest rates, thereby growing the economy.
Economic forecasts tend to be as varied as they are ubiquitous however, coming out of the recent recession there
The overall credit conditions have for example been severely affected by housing market and other economic trends. This has been exacerbated by energy and commodity price increases, which have affected household buying power negatively.
Concomitantly, the inflation rate has remained high at nearly 3.5% for the first five months of 2008. Chairman ernanke also noted that the trend in rising prices was likely to further increase inflation. Furthermore, oil production has risen only slightly, despite sharp price increases. This indicates tighter government control over oil reserves.
The declining value of the dollar in foreign markets also seems to be a matter of concern for congress that both result from and in turn affect the volatility of oil prices. There does not seem to be a particular emphasis on any single aspect of inflation or the recession. Instead, the general consensus appears to be that all the elements within the economic…
Bernanke, Ben S. Testimony: Semiannual Monetary Policy Report to the Congress. Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate. July 15, 2008. http://www.federalreserve.gov /newsevents/testimony/bernanke20080715a.htm
The economy began to contract still further immediately after the election of Franklin Delano Roosevelt. Fears that Roosevelt would devalue the dollar or even abolish the Gold Standard caused both domestic and foreign investors to once again to "convert dollars to gold, putting pressure on both the banking system and the gold reserves of the Federal Reserve System. Bank failures and the Fed's defensive measures against the gold drain further reduced the stock of money. The economy took its deepest plunge between November 1932 and March 1933, once more confirming the temporal sequence predicted by the monetary hypothesis. Once Roosevelt was sworn in, his declaration of a national bank holiday and, subsequently, his cutting the link between the dollar and gold initiated the expansion of money, prices, and output" (Bernanke 2002).
Roosevelt did not abandon the gold standard wholesale. However, he did devalue the dollar, nationalize gold owned by private…
Bernanke, Ben S. (2002, November 8). Remarks at the conference to honor Milton Friedman.
University of Chicago, Chicago, Illinois. Retrieved June 2, 2009 at http://www.federalreserve.gov /BOARDDOCS/SPEECHES/2002/20021108/default.htm
Bordo, Michael D. (2008). The Gold Standard. The Econ Library. Retrieved June 2, 2009 at http://www.econlib.org/library/Enc/GoldStandard.html
Kelley, Martin. (2009). Top Five causes of the Great Depression. About.com.
special interest groups have too much power in politics today? Why or why not? Do you think we should allow these interest groups to continue to function as they currently do? Why or why not? What do you think would happen to our nation if we did not allow interest groups to continue to operate?
I do feel that special interest groups have too much power in politics today and I feel that this is a big part of the appeal for "outsiders" like Sanders and Trump in the race today. Special interest groups like AIPAC for example can make or break political careers, which is why when Netanyahu visits Congress to speak, nearly every member bows and bends at the knee: AIPAC is a big donor to campaigns. Likewise, Wall Street interest groups and corporate interest groups are also big donors to campaigns and Establishment politicians like Hillary benefit…
Durden, T. (2016). One Reader Tried To Get The Recording Of Yellen's "World-Saving
Phone Call"; This Is What The Fed Replied. ZeroHedge. Retrieved from http://www.zerohedge.com/news/2016-04-15/one-reader-tried-get-recording-yellens-world-saving-phone-call-what-fed-replied
Federal Reserve. (2015). Oversight of the Federal Reserve System. Retrieved from https://www.federalreserve.gov/monetarypolicy/bst_oversight.htm
Greensteing, T. (2011). The Fed's $16 Trillion Bailouts Under-Reported. Forbes.
End the Fed?
The nation does not need to go back to a gold standard, though this certainly wouldn’t hurt. The nation has the right to coin its own currency and that currency can be backed by the authority of the U.S. government and nothing else. It does not need to be backed by gold. The point of the gold standard is to help control inflation—to keep the dollar supply at a level limited by the amount of gold possessed by the government. It gives those who use the dollar the confidence to accept it as a medium of exchange. Since the country was taken off the gold standard by Nixon, and since the nation long ago handed over the right to print money to the Federal Reserve, it both gave up its sovereignty to this banking cartel and the limit on money supply that the gold standard gave. Nixon…
Federal Funds Rate
The federal fund rate was part of the solution, comprised in the Federal Reserve Act of 1913, to centralize the banking system and gain public control of the money supply, inflation, and economic growth. The banking crisis of 1907 was a result of decentralized, unregulated banking that caused confusion with private bank notes being used as currency. There were occasional episodes of monetary mismanagement where the money supply was not appropriate to fulfill the needs of the economy. Too much money caused rapid inflation where too little money stunted economic growth by hindering production and the exchange of goods and services. There were no nationally consistent banking policies and no one entity had control to implement policies until the Federal Reserve Act of 1913 became a national law.
The Federal Reserve System was created with the Federal Reserve Act of 1913 with a oard of Governors to…
Amadeo, K. About.com U.S. Economy. 24 Jan 2012. Article. 14 Aug 2012.
Bankrate.com. How the federal funds rate affects finance. n.d. article. 15 Aug 2012.
Bofah, K. What Effect does the Fed Fund Rate Have on Stock Prices. n.d. Article. 15 Aug 2012.
Madrick, J. "Paul Volcker, Jimmy Carter, and Ronald Reagan." Madrick, J. Age of Greed. New York, NY: Alfred A. Knopf, 2011. 160-176. Book.
The Office exacts a new level of accountability, which encourages a broader range of competitions and new organizations to enter these competitions. Congress authorizes the Office to develop the franchise funds pilots and to expand the competitive environment. It also invites the private sector to participate in new markets and at new levels of commercial workload. At the same time, it encourages the public to compete for the same work on a level playing field. To insure that the taxpayer continues to get the best out of the deal, the Office suggests a re-examination of outsourcing, cross-servicing and in-house performance decisions. The ultimate goal of the Office is to restore public faith in Government through a more effective management of its resources and by giving citizens and taxpayers greater value for their dollar. Federal employees have been found to be extremely cost competitive. Its Revised Supplemental Handbook expressly prefers private…
Florida, Richard. The New American Dream. The Washington Monthly: The Washington Monthly Company, March 2003
Gates, Bill. How to Keep America Competitive. The Washington Post: The Washington Post Company, February 25, 2007
Hawkins, William R. Uncoordinated Federal Technology Policies Put Nation at Risk. GAO Report. American Economic Alert: U.S. Business and Industry Council, March 4, 2007
Koskinen, John. The Freedom from Government Competition Act. Office of Management and Budget, June 18, 1997. Retrieved April 14, 2007 at http://www.whitehouse.gov/omb
What this shows is how the current financial crisis / recession have placed a drag on both programs that are facing severe challenges from the large numbers of uninsured. Where, the lack of health insurance is indirectly forcing people to turn to both programs, once their condition becomes so severe that it can no longer be ignored. At which point, the costs increase to treat these people which causes the overall levels of the national debt to increase.
However, the current recession is also having a direct impact on both entitlement programs. This is because a large number of aby oomers are approaching retirement age, which means that many will often look to both programs as way to supplement their income and health insurance. Then, when you combine this with the fact that the current recession is causing incomes to decline and health insurance premiums to increase, means that…
Annuity. 2010. Free Dictionary. Online. Available from the Internet, http://www.thefreedictionary.com/annuity , accessed 7 May 2010.
Estimating the Number of Uninsured. 2009. Medical News Today. Online. Available from the Internet, http://www.medicalnewstoday.com/articles/161577.php , accessed 7 May 2010.
Life Expectancy. 2004. Office of National Statistics. Online. Available from the Internet, http://www.statistics.gov.uk/cci/nugget.asp?id=881 , accessed 7 May 2010.
Senate Lifts Debt Ceiling by $1.2 Trillion. Fox News. Online. Available from Internet, http://www.foxnews.com/politics/2010/01/28/senate-lifts-federal-debt-ceiling-trillion/ , accessed 7 May 2010.
Federal and State Government
An Analysis of Powers in Federal and State Government
The debate over having a strong central government or strong state government in the early days of the epublic seemed to fall on the side of the states. But as the years have proven, the Constitution, which extended very specific powers to the U.S. government, has come to be interpreted in ways that would extend even more power to the central government than at first seemed possible or even permissible. This paper will show what powers are actually extended to the federal government (according to the Constitution), what powers are extended to the state governments, the power limitations of both, and the powers that overlap.
As Ellis Katz (1996) states, "The Constitution, as written and ratified, creates a system of dual federalism in which both the national government and the states are sovereign in their respective spheres…
Katz, E. (1996). United States of America. Retrieved from http://www.federalism.ch/files/categories/IntensivkursII/USAg2.pdf
McClellan, J. (2000). Liberty, Order, and Justice. IN: Liberty Fund.
U.S. Constitution. Retrieved from http://www.archives.gov/exhibits/charters/constitution_transcript.html
Federal and State Websites
State/Federal Research Project
Employment raining Panel
Employment training panel (EP) is a business and labor supported Californian State agency, which funds the vocational training costs. EP clearly outlines its programs, and can only involve in fund provision for training employers who are subject to the payment of Employment raining ax. he eligible entities in this case may include single employers who are subject to the UI (unemployment insurance tax), and holding a California Employment Account with a prefix number of 699 or below. Similarly, a group of employers may be eligible. Such groups include Joint Apprenticeship Committees, Chambers of Commerce, Economic Development Corporations and rade Associations. raining Agencies come in as the third group, including educational institutions such as university foundations, community colleges, adult schools, or the regional occupational programs. Additionally, workforce investment boards also contribute in the list of the primary audience to…
This board was established under an Executive Order in response to the decree from the federal Workforce Investment Act of 1998. The board aids the Governor to set and guide policies within the field of workforce development. The governor appoints all the board members, representing the multifaceted workforce including labor, business, higher education, public education, youth activities, economic developments, training, employment, as well as the legislature. This website thereby addresses all members of the public from the entire nation as its audience. The Board conducts meetings on a regular basis, an event during which it encourages the public to attend workforce meetings, and to be positive towards every individual's line of career or work. Inclusively, the website encloses everyone, especially the adults within any area of workforce together with the youths within Youth Associations, which inspire and model them towards their lines of career.
The State Board (California Workforce Investment Board) assists the Governor to set and guide state policies within the workforce development area. The board is responsible for assisting the governor perform the required duties and responsibilities by the federal Workforce Investment Act-1998. The Board thereby formulates a strategic plan that directs its activities in the provision of guidance and support to the statewide system of workforce investment. The Board has got an executive branch agency known as the LWDA (Labor and Workforce Development Agency) that oversees seven main departments, panels, and boards that serve the Californian businesses and employees/workers. Moreover, the board ensures assistance and support to small businesses within California. It created a system of Small Business Liaison that assists business owners and employers through job trainings and hiring employees. The liaison responds to complaints from small businesses and reports the concerns of small businesses to the Secretary of Labor and Workforce Development Agency.
The California Workforce Investment Board accrues its funds from a number of sources including grants, tax credits, rebates and reimbursements. Grants come from diverse sources including the automotive industry of transportation and logistics. The hybrid bus and truck voucher incentive projects accelerates the deployment of firsthand hybrid and zero emission buses and trucks. As at October 2012, the program had fund approximation of $18 million. As well, it gets funds provided for the cleaner prerequisite engines, equipment as well as other pollution sources that address the reduction of extra or early emissions. Alternatively, funds from the tax credits equal the percentage of wage payments to the qualified employees.
Fed Policy Change
The most recent Fed policy change was the decision to raise rates by 25 basis points. It is expected that the Fed will raise rates three more times (probably by the same amount) in 2018 and there are roughly 60% odds that the Fed will raise one more time this year (perhaps in December). However, I do not expect this trend to continue, because the debt of the nation is so great that it is simply unserviceable. If rates are raised, the interest owed on the debt will increase and that means more money going just to pay the interest on the loans the country has racked up. At the same time, pension funds and other types of funds are chasing yield in risky markets (the stock market is at an all-time high this year) because they cannot earn enough in interest by purchasing bonds (since rates…
45, for instance, where he argues that "the State governments may be regarded as constituent and essential parts of the federal government; whilst the latter is nowise essential to the operation or organization of the former. ithout the intervention of the State legislatures, the President of the United States cannot be elected at all." (Rossiter, 287) This is a position which suggests not only that the Federalists felt that significant power had already been entrusted to leaders at the state level, but also that this power is seen primarily as a function of the power of the federal government. Thus, we are given further confirmation that the Constitution was inherently a federal document.
In key segments of the debate such as that shown in the Anti-Federalist Paper No. 17, we can see that those who stood in opposition to the empowerment of federal authority derived from the Constitution were a…
Mansfield, Harvey C. Jr., (1979). Selected Writings Jefferson. Harlan Davidson Press.
Rossiter, Clinton. (1961). The Federalist Papers. Signet Classics.
Storing, Herbert J. (1985). The Anti-Federalist. The University of Chicago Press.
The Nation (TN). (2008). The Antifederalist Papers. This Nation.com.
But when the Fed declared a moratorium on its consistent hikes in 2006, not everyone cheered. Said one economist: "According to their statement, the main reason is that the Fed believes inflation is destined to fall even in the absence of further monetary tightening. I find both good news and bad news in that rationale. The good news is that the Fed is looking ahead, acting on a forecast, rather than just opening the window, taking the economy's temperature and deciding what to do. The bad news is that inflation forecasts are not very accurate. And the other bad news is that if the Fed expects a weak economy to drag inflation down appreciably, it must be pessimistic about the outlook for growth" ("Commentary: The pros & cons of unchanged interest rates," Nightly Business Report. PBS.com, 2006). Little had really changed in the economy, said some economists, the Fed was…
Commentary: The pros & cons of unchanged interest rates." Nightly Business Report.
PBS.com. 14 Aug 2006. [18 Jul 2007] http://www.pbs.org/nbr/site/onair/transcripts/060814d/
Fed lifts interest rate to 3.75%" BBC News: Business. 20 Sept 2005. [18 Jul 2007]
economic and financial crisis (2008-2009), the Federal Reserve took exceptional measures in order to combat the effects of the crisis on the American economy. These measures translated into an expansionary policy that included pumping money in the economy and purchasing assets that were in trouble. Through its expansionary work, the government was able to balance some of the effects of the crisis.
The question that seems to be on everybody's mind (and lips) today is where does it all end? One thing everyone can agree on is that this type of expansionary policy cannot last forever. The United States economy functions as a free market economy where the laws of supply and demand govern the realities of the market. A continuous and permanent intervention of the Federal Reserve is neither possible, nor healthy. What nobody can agree on, however, is when the expansionary approach should stop: now, in the near…
1. Krugman, Paul. The Conscience of a Liberal. The New York Times. November 2013. On the Internet at http://krugman.blogs.nytimes.com/2013/11/25/nowhere-near-the-exit/ . Last retrieved on December 13, 2013
2. Mankiw, Gregory. In Fed Policy, the Exit Music May Be Hard to Hear. The New York Times. November 2013. On the Internet at http://www.nytimes.com/2013/11/24/business/in-fed-policy-the-exit-music-may-be-hard-to-hear.html?_r=0 . Last retrieved on December 13, 2013
3. Spicer, Jonathan, Lange, Jason. Fed officials signal next policy battle: rate guidance. Global Post. On the Internet at http://www.globalpost.com/dispatch/news/thomson-reuters/131121/fed-officials-signal-next-policy-battle-rate-guidance . Last retrieved on December 13, 2013
4. Expansionary Policy. Investopedia. On the Internet at http://www.investopedia.com/terms/e/expansionary_policy.asp . Last retrieved on December 13, 2013
" Andrews, 2004)
The Fed has always been most concerned about the economy growing too fast, outpacing real development, than other, more publicly influenced government agencies, which are apt to look upon growth with purely rose colored glasses, as consumers wish to see more jobs and retailers wish to see more immediate short-term sales to generate profits. Also, consumers wish to borrow more money for durable goods. and, despite the recent strong economic numbers regarding job growth, "the economy is still showing signs of fragility." There is a fear that "temporary factors," such as seasonal factors and deep discounts offered by makers of cars and other durable goods, rather than permanent and long-lasting improvements in the American economic infrastructure. (Andrews, 2004)
Andrews, Edmund L. (November 8, 2004) "Fed expected to stay the course for now." The New York Times. Business Section. http://www.nytimes.com/2004/11/08/business/08fed.html?oref=login
Andrews, Edmund L. (November 8, 2004) "Fed expected to stay the course for now." The New York Times. Business Section. http://www.nytimes.com/2004/11/08/business/08fed.html?oref=login
In demonstration, Gross notes the anecdote of a drug mule traveling from pain to Colombia, in whose stomach officials found $197,000 in euro notes (Gross 2007).
While the underground economy serves as an indicator of stability and value for the currency market, this stability and value are influenced by a confluence of further economic factors in addition to the ones already mentioned above. Chinn & Frankel (2005:15) focus on four specific factors that influence the future probability of euro dominance over the dollar.
The first of these is patterns of output and trade. This relates to the already-mentioned amount of market presence of a certain currency. Currently, the U.. dollar enjoys the greatest presence in the world economy. Interestingly, the authors hold that, if output and trade are regarded as measures of a country's economy, Japan should be the second in the world. However, other factors such as economic size…
Chinn, Menzie & Frankel. 2005. Will the Euro eventually surpass the Dollar as leading international reserve currency? National Bureau of Economic Research, July. http://www.nber.org/papers/w11510.pdf
Galati, Gabriele & Wooldridge, Philip. 2006. The Euro as Reserve Currency: A challenge to the pre-eminence of the U.S. Dollar? Bank for International Settlements: Monetary and Economic Dept., October. http://www.bis.org/publ/work218.pdf?noframes=1
Gross, Daniel. 2004. Euro Trash: Even drug dealers are giving up on the dollar. Slate Magazine, Dec. 28. http://www.slate.com/id/2111504/
Nielsen, Bo. 2007. Dollar may extend rally on Bets U.S. To contain subprime losses. Bloomberg.com, Dec. 18. http://www.bloomberg.com /apps/news?pid=20601101&sid=aFeKleEvhHtI&refer=japan
The Fed's assets will also increase due to the strong dollar globally stabilizing it as a trading currency with leading partners including China. All of these factors will lead to a stronger asset base for the Fed.
7. The Fed will keep from selling these assets if the dollar does not gain in strength relative to other currencies globally, and would also not sell them if the economy did not reach a growth level that would ensure excess reserves were not needed.
8. Reverse repos are when "the Fed lends securities to banks in exchange for cash for a set period. At maturity, the securities are returned to the Fed, and the cash goes back to the primary dealers. By doing this repeatedly, the Fed can contract the money supply "(Calomiris, a.15.). The author says that in large financial transactions involving reverse repos the effects are unknown and therefore unreliable.…
Calomiris, Charles. "An Insurance Policy Against Inflation." Wall Street Journal: A.15. ABI/INFORM Complete. Mar 12-2012. Web. 26 Mar. 2012 .
eserve Personnel Management Systems Division: Officer Evaluations
This paper engages in a thorough assessment of the culture, organization and technology of the reserve personnel management that operates as a branch within the Personnel Service Center of the United States Coast Guard: specifically the Officers Evaluation Systems. The method used to assess this particular branch relies heavily on ethnographic skills and related techniques. According to the official website of the U.S. Coast Guard, this is the division which handles "boards, panels, promotions, evaluations, advancements, retirements, resignations, discharges and separations for all reserve officer, chief warrant officers, and enlisted members" (uscg.mil, 2013). This is the division which deals with assignments, copies of records, medical issues and disability, individual ready reserve, promotions, separations, reserve retirement requests, policy waives and a host of other connected factors.
By scrutinizing closely factors like culture, organization, technology and related issues, one is able to obtain an accurately…
Boisjoy, R. (2013). Professional Responsibility and Conduct (Ethical Decisions - Morton Thiokol and the Challenger Disaster) . Retrieved from Onlineethics.org: http://www.onlineethics.org/Topics/ProfPractice/PPEssays/thiokolshuttle/shuttle_pro.aspx
Goldstein, H. (2005, September 1). Who Killed the Virtual Case File? Retrieved from ieee.org: http://spectrum.ieee.org/computing/software/who-killed-the-virtual-case-file/0
Howard, A. (2012, February 22). Data for the public good. Retrieved from Oreilly.com: http://strata.oreilly.com/2012/02/data-public-good.html
Israel, J. (2012). Why the FBI Can't Build a Case Management System. Computer, 73-80.
Mediocre material will, likely, thus be introduced into the market, and fledgling authors discouraged. This may in a matter of fact not only prove detrimental for general culture but also for the store itself, since discouraged with the level of prevalent reading matter, potential customers may frequent other locations for their desires.
Conclusively, as an example of Mr. Flaherty's impact on the book-selling business, relaxation of tax demands on private investment may profit the business depending on its projects and ambitions. The more ambitious its projects, likely the more it may profit. I am unsure, however, how much 3 's Used Books can make itself independent from dealing with the U.S. Or with other countries; a bookstore, by nature, has to have international dealings in order to succeed. As regards the economic policies, particular to Ontario, passed in 2009, the bookstore, can with provisos, mostly benefit form their implementation.
Bloomberg. "Comfortable Business will replace Stimulus." Business Week, Oct. 23, 2010.
Howlett, K. & Curry, B. "Canadian Finance Ministers to Target Debts and Deficits in New Year." Tuesday's Globe and Mail, Dec. 21, 2010.
Ontario Chamber of Commerce. "Economic renewal and Business Competitiveness." http://occ.on.ca/2009/05/economic-renewal-and-business-competitiveness-emerge-as-ontario-business-priorities / Web. 2009
8 for August, 2008, the most recent available (next release is October 20th). This represents a decline over the previous month, and the lowest level of the year. Over the past three months, this index has trended down. In June this was at 102.0, then 101.3 in July. Prior to that the level it had been stable all year (either 101.9 or 102.0).
In terms of individual components, the following components were up: average weekly unemployment initial claims, stock prices, manufacturing new orders (consumer goods) and index of consumer expectations. Of these, it should be noted that the stock prices are lower than at any other point this year except for July. Average weekly unemployment initial claims rising is a negative component, so a rise will reduce the leading indicators index. Manufacturing orders represented a slight increase but is well down for the year. Therefore, only consumer expectations made a…
While abortion is not banned, it is not encouraged either. Its lack of acknowledgment at the state and local policy level demonstrates the lack of priority or evasion of the government to acknowledge abortion as a healthcare service that must be stated specifically as a subsidized service by the federal government.
Interestingly, with the approval and passage of the Affordable Care Act (or "Obamacare"), federal policy on abortion remains vague if not directly banned or discouraged. While abortion is not explicitly stated as a health service that will be subsidized under this new healthcare law, it is contended that abortion services and its funding are "always included unless it's explicitly excluded" (O'Neil, 2012). Thus, women can avail of abortion services as a healthcare and preventive service subsidized by the federal government and covered in health insurance plans.
This new development in the federal policy on abortion is a step forward…
"Federal and state bans and restrictions on abortion." (2012). Planned Parenthood Action Center. Retrieved 28 July 2012. Available at: http://www.plannedparenthoodaction.org/positions/federal-state-bans-restrictions-abortion-644.htm
O'Neil, T. (2012). "Obamacare and abortion: Health overhaul could lead to federal subsidy of abortion, critic says." The Washington Free Beacon. Retrieved 28 July 2012. Available at: http://freebeacon.com/obamacare-and-abortion/
Santelli, J., M. Ott, and M. Lyon. (2006). "Abstinence and abstinence-only education: a review of U.S. policies and programs." Journal of Adolescent Health, Vol. 38.
The Army XXI program for major military transformations has been in progress since 2004 (U.S. Department of State 2009). Last year's goals were consolidation and improvement of quality. The parliament approved Development Stage 08/11 for military reforms for 2008-2011 in 2007. The overall aim was to reduce military size while maintaining high quality of knowledge and equipment standards. At the same time, Development Stage 08/11 aimed at increasing military personnel for overseas deployment, such as for peacekeeping and disaster relief. In 2007, the Swiss parliament approved an increase of Peace Support Operations from 250 to 500. Increased cooperation with civilian authorities could also be anticipated, such as with the police and the border watch corps (U.S. Department of State).
The Swiss Military and the Citizens
The Swiss armed forces are a civilian-controlled militia of able-bodied males intended for universal military service (DHRL 2004). Apart from training cadres and a scattering…
Bureau of Democracy, Human Rights, and Labor. 2004. Switzerland: Country Reports on Human Rights Practices. U.S. Department of State: USA.gov. Available at http://www.state.gov/g/drl/rls/hrrpt/2003/27867.htm
Heatwole, C. 2009. Switzerland, Microsoft Encarta Online Encyclopedia, Microsoft
Encarta. Available at http://encarta.msn.com/encyclopedia_761571795/Switzerland
Michaud, L. 2004. Swiss Armed Forces and the Challenges of the 21st Century,
It is also worth noting that the Fed must understand how the relationship between its actions and the outcomes changes under different circumstances. For example, open market transactions put…Read Full Paper ❯
The new government banks put heavy taxes on state banks, and they were forced to go under. After this, the government had a monopoly on banking and money again,…Read Full Paper ❯
During most of the last 20 years (from August 1987 to January 2006), the Fed was headed by Alan Greenspan whose personal economic philosophy to a large extent guided…Read Full Paper ❯
The 12 Federal eserve Banks are the private sector check and balance to the Federal eserve. They have three primary roles: 1) To Establish and implement sound monetary policy,…Read Full Paper ❯
Federal Reserve There are three purposes of money: to act as a medium of exchange; as a store of value and as a unit of account (Helfield, 2011). Money…Read Full Paper ❯
What are areas of comparative advantage of the United States and its trading partner? What are the benefits and disadvantages specific to this free trade agreement? The country that…Read Full Paper ❯
Federal Reserve Board The First District (Boston) economy shows few signs of improvement. Retailers cite disappointing December (2002) results, although some gained in January and February (2003). Most manufacturing…Read Full Paper ❯
Black Studies - Philosophy
Validity and reliability have not been addressed in this paper at all. There is no empirical test being proposed for the paper. The a priori conclusion of the paper,…Read Full Paper ❯
Federal eserve Tools The Federal eserve has certain actions it implements to help in the promotion of national economic goals and to influence the overall availability of money (Board…Read Full Paper ❯
Federal eserve in stabilizing the economy using monetary policy tools. The paper is divided into six major sections. The first section introduces the Federal eserve by highlighting its objectives,…Read Full Paper ❯
What tools are used by the Federal Reserve to implement monetary policy? Monetary policy refers to the actions undertaken by the Federal Reserve, which is the central bank, to…Read Full Paper ❯
Case Assignment: Banking Industry and Regulation: To Regulate or Not to Regulate? Introduction In order to be effective, regulation must focus on issues that make a difference. For instance,…Read Full Paper ❯
Economics - Banking
The Federal Reserve -What is the mission, or goals, of the Fed? The Fed concerns itself with the enhancement of “the stability, integrity, and efficiency of the nation’s monetary,…Read Full Paper ❯
Federal eserve Board is the most powerful financial institution in the country and is actually the Central bank of United States. This institution is responsible for regulating financial system…Read Full Paper ❯
Federal eserve The key information in the January 14, 2004 Federal eserve summary ranged from mildly encouraging to 'no change' as far as the economy was concerned. Virtually all…Read Full Paper ❯
ather than propping up "bad blood" and allowing the "illusion" of wealth to continue to be fostered, the Federal eserve should allow the market to flush out the "bad…Read Full Paper ❯
Federal eserve Operations in the United States Functions of the Federal System in Control of Money Supply The discount rate, according to the federal system, is the interest rate,…Read Full Paper ❯
Federal Reserve Policies 2000- The first decade of the 21st century saw the U.S. economy on a peripatetic through tumultuous events, euphoric highs, and abysmal lows. The ten-year window…Read Full Paper ❯
The Federal reserve realized the big negative impact of MBS and announced a 600 billion program in November 2008 to purchase these securities and this helped to bring back…Read Full Paper ❯
Federal eserve Bank Financial services as an industry has progressed to become one of the widely transforming sectors of the global economy, having significant changes in information transference and…Read Full Paper ❯
" (Structure of the Federal eserve System) The 12 Federal eserve Banks extend banking service to the depository institutions and also to the federal government. To the financial institutions…Read Full Paper ❯
Federal eserve The current state of the United States economy is not encouraging. Even though there has been false hope about it, the chances are that it will hardly…Read Full Paper ❯
This is the interest rate that banks lend their balances on at the Federal Reserve to other banks. It exercises this control by influencing the demand for and supply…Read Full Paper ❯
S. growth will proceed at a crawl in 2008, which will provide little comfort for the dollar" and most certainly call for intervention again by the Fed. "In some…Read Full Paper ❯
It might seem strange that despite its central role in government affairs, that it is still somewhat privately owned. There are also regional branches, located in 12 states. This…Read Full Paper ❯
Collateralized loans will have demonstrably greater security than uncollateralized loans. While these measures seem sound and will hopefully ensure that no institution will be penalized for making the types…Read Full Paper ❯
Their basis of criticism is that it had very expansionary monetary policy in the early days that gave room for misallocation of various capital resources. This lead to various…Read Full Paper ❯
Federal Reserve oard [...] history of the oard, and what its purpose is in the United States. The Federal Reserve oard is an integral part of the Federal Reserve…Read Full Paper ❯
Federal eserve System is. The Federal eserve System The Federal eserve serves as the central bank of the United States. It was founded by the Congress in 1913 to…Read Full Paper ❯
In addition to managing the value of the U.S. dollar through interest rate policy, the Fed also engages in foreign currency operations. This involves the buying and selling of…Read Full Paper ❯
Federal Reserve buys government bonds, it increases the overall money supply in the nation and thus pursues an expansionary monetary policy. Through buying bonds the Fed increases the amount…Read Full Paper ❯
Alan Greenspan's testimony starts with a comparison between the state of the U.S. economy in July 2004, time of his present testimony, and the state of the economy in…Read Full Paper ❯
Banking System The United States banking system has been around for quite a while. Indeed, the Bank of New York was founded in 1784, a scant eight years after…Read Full Paper ❯
Fed's Bullard: Current Fed Policy Much Easier Now Than in 2012, which was published by The Wall Street Journal on February 14th, 2013, financial reporter Michael S. Derby methodically…Read Full Paper ❯
Federal eserve atio What federal reserve ratio? Why important? The Federal eserve ratio refers to the funds banking or depository institutions are mandated by law to hold against their…Read Full Paper ❯
tactics that the Federal Reserve uses to manage the economy. The Federal Reserve has a mandate to manage the overall health of the economy (usually GDP), the inflation rate…Read Full Paper ❯
Government Sanctioned Monopoly: The Electric Company: for the Public's Good or Ill? The defined concept of a monopoly causes many students of economics to assume that any company that…Read Full Paper ❯
It is thought that the pace of the recovery will be slowed by people's desire to rebuild wealth, still-tight credit conditions facing some borrowers, and, despite some tentative signs…Read Full Paper ❯
Macroeconomic Forecasting Federal Reserve Policy he Federal Reserve through open market operations can be a net seller or buyer of U.S. reasuries. As a net seller of bonds the…Read Full Paper ❯
The overall credit conditions have for example been severely affected by housing market and other economic trends. This has been exacerbated by energy and commodity price increases, which have…Read Full Paper ❯
The economy began to contract still further immediately after the election of Franklin Delano Roosevelt. Fears that Roosevelt would devalue the dollar or even abolish the Gold Standard caused…Read Full Paper ❯
special interest groups have too much power in politics today? Why or why not? Do you think we should allow these interest groups to continue to function as they…Read Full Paper ❯
End the Fed? The nation does not need to go back to a gold standard, though this certainly wouldn’t hurt. The nation has the right to coin its own…Read Full Paper ❯
Federal Funds Rate The federal fund rate was part of the solution, comprised in the Federal Reserve Act of 1913, to centralize the banking system and gain public control…Read Full Paper ❯
The Office exacts a new level of accountability, which encourages a broader range of competitions and new organizations to enter these competitions. Congress authorizes the Office to develop the…Read Full Paper ❯
" What this shows is how the current financial crisis / recession have placed a drag on both programs that are facing severe challenges from the large numbers of…Read Full Paper ❯
Federal and State Government An Analysis of Powers in Federal and State Government The debate over having a strong central government or strong state government in the early days…Read Full Paper ❯
Federal and State Websites State/Federal Research Project State Websites Employment raining Panel Employment training panel (EP) is a business and labor supported Californian State agency, which funds the vocational…Read Full Paper ❯
Fed Policy Change The most recent Fed policy change was the decision to raise rates by 25 basis points. It is expected that the Fed will raise rates three…Read Full Paper ❯
45, for instance, where he argues that "the State governments may be regarded as constituent and essential parts of the federal government; whilst the latter is nowise essential to…Read Full Paper ❯
But when the Fed declared a moratorium on its consistent hikes in 2006, not everyone cheered. Said one economist: "According to their statement, the main reason is that the…Read Full Paper ❯
economic and financial crisis (2008-2009), the Federal Reserve took exceptional measures in order to combat the effects of the crisis on the American economy. These measures translated into an…Read Full Paper ❯
" Andrews, 2004) The Fed has always been most concerned about the economy growing too fast, outpacing real development, than other, more publicly influenced government agencies, which are apt…Read Full Paper ❯
In demonstration, Gross notes the anecdote of a drug mule traveling from pain to Colombia, in whose stomach officials found $197,000 in euro notes (Gross 2007). While the underground…Read Full Paper ❯
The Fed's assets will also increase due to the strong dollar globally stabilizing it as a trading currency with leading partners including China. All of these factors will lead…Read Full Paper ❯
eserve Personnel Management Systems Division: Officer Evaluations This paper engages in a thorough assessment of the culture, organization and technology of the reserve personnel management that operates as a…Read Full Paper ❯
Mediocre material will, likely, thus be introduced into the market, and fledgling authors discouraged. This may in a matter of fact not only prove detrimental for general culture but…Read Full Paper ❯
8 for August, 2008, the most recent available (next release is October 20th). This represents a decline over the previous month, and the lowest level of the year. Over…Read Full Paper ❯
Women's Issues - Abortion
While abortion is not banned, it is not encouraged either. Its lack of acknowledgment at the state and local policy level demonstrates the lack of priority or evasion of…Read Full Paper ❯
The Army XXI program for major military transformations has been in progress since 2004 (U.S. Department of State 2009). Last year's goals were consolidation and improvement of quality. The…Read Full Paper ❯