The Federal Reserve
Instruction:
- Open a new thread and answer the question posted below. Your answer should be in the form of a mini-essay between 150-300 words.
- Read and respond to at least one of the your other classmates’ posts.
Question: Some argue that the Federal Reserve is critical to our continuous economic stability and prosperity. Some others contend that the Fed should be abolished. What do you think is the right perspective?
Answer PreviewAmerica’s central bank is known as the Federal Reserve and is responsible for the flexibility, stability and well-being of its financial and monetary systems (Bernanke, 2013). The Fed oversees and manages banks and other financial institutions in order to assure…
(260 Words)