What Does The Fed Do When The Economy Is Growing Too Fast?
Fed is the abbreviation of the Federal Reserve. This organization was created by the Congress in United States in 1913. It was established to monitor and study about the markets, financial policies and other monetary factors. It is headed by a government agency and presided by a Board of Governors. The current chairman of this board is Ben Bernanke. There are twelve regional branches of Federal Reserve organization. This organization is responsible for implementing the monetary benefits and ensuring that the economy of the country is put to the best use and helps in the further development of the nation. Thus if the economy is growing very fast then the fed would devise new ways to put the rising economy to use in such a way that it would benefit the nation even better. It does it through various investments and other purposes.
Related Questions
- What is the GDP of the City of London and how fast is it growing? How does this compare with the London economy and the UK overall?
- How fast is the Indian wine market growing? What is the rupee value of the Indian wine market?
- Why should the rest of the world worry if Chinas economy is growing too fast?
