Download or read book The Federal Reserve President s i e Presidents Views on Monetary Policy and Economic Conditions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1993 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Reserve President s Views on Monetary Policy and Economic Conditions written by United States Senate and published by Forgotten Books. This book was released on 2018-02-13 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Federal Reserve President's Views on Monetary Policy and Economic Conditions: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, First Session, on the Twelve Federal Reserve Bank Presidents From Across the United States Let me welcome all those in attendance this morning and take note of the fact that we have been out of this committee room, our normal committee room now, for some months, as the various rooms in this building are being refurbished. And so, we're back today for the first time, and we want to thank all those who did the work to take and sort of improve the condition of the room, and in that context, want to welcome our very special witnesses this morning. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book The Federal Reserve President s I E Presidents Views on Monetary Policy and Economic Conditions written by United States Congress Senate Committ and published by Palala Press. This book was released on 2015-09-09 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Download or read book The Federal Reserve President s Views on Monetary Policy and Economic Conditions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1993 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Congress the President and the Federal Reserve written by Irwin Lester Morris and published by University of Michigan Press. This book was released on 2002 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the power of the President and Congress over the Federal Reserve
Download or read book Per Jacobsson Lecture written by International Monetary Fund. Communications Department and published by International Monetary Fund. This book was released on 2015-04-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Federal Reserve’s statutory objectives are defined as specific goals for the U.S. economy—to pursue maximum sustainable employment and price stability—and its policy decisions are targeted to achieve these dual objectives, there might seem to be little need for its policymakers to pay attention to developments outside the United States. But such an inference would be incorrect: the state of the U.S. economy is significantly affected by the state of the world economy, and of course, actions taken by the Federal Reserve influence economic conditions abroad, which in turn spill back on the evolution of the U.S. economy and therefore must be taken into account in the Federal Reserve’s monetary policy choices. This Per Jacobsson Lecture first reviews the effect of the Federal Reserve’s monetary policies on the rest of the global economy, particularly emerging market economies. It then addresses prospective outcomes and possible risks associated with the normalization of the Federal Reserve’s policies. Finally, it discusses the Federal Reserve’s responsibilities in the world economy.
Download or read book Monetary Policy and Practice written by Henry Christopher Wallich and published by Free Press. This book was released on 1982 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation; Monetary policy; International monetary problems; International banking and finance; Banking; Investment and stock market; Economic growth; Political ...
Download or read book Investigation of the Financial Condition of the United States written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1958 with total page 1528 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the Federal Reserve written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-11-04 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve (the Fed) defines monetary policy as its actions to influence the availability and cost of money and credit. Because the expectations of market participants play an important role in determining prices and economic growth, monetary policy can also be defined to include the directives, policies, statements, and actions of the Fed that influence future perceptions. Traditionally, the Fed has implemented monetary policy primarily through open market operations involving the purchase and sale of U.S. Treasury securities. The Fed traditionally conducts open market operations by setting a target for the federal funds rate, the rate at which banks borrow and lend reserves on an overnight basis. Beginning in September 2007, in a series of 10 moves, the federal funds target was reduced from 5.25% to a range of 0% to 0.25% on December 16, 2008, where it has remained since. With the federal funds target at this zero lower bound, the Fed attempted to provide additional stimulus through unconventional policies. It provided forward guidance on its expectations for future rates, announcing that it "anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run." The Fed also added monetary stimulus through unsterilized purchases of Treasury and mortgage-backed securities (MBS), a practice popularly referred to as quantitative easing (QE). Between 2009 and 2014, the Fed undertook three rounds of QE. The third round was completed in October 2014, at which point the Fed's balance sheet was $4.5 trillion-five times its precrisis size. In September 2014, the Fed announced plans for normalizing monetary policy after QE, explaining that it will raise interest rates (perhaps beginning in 2015) in the presence of a large balance sheet mainly by raising the rate of interest paid to banks on reserves and engaging in reverse repurchase agreements (reverse repos). The Fed influences interest rates to affect interest-sensitive spending, such as business capital spending on plant and equipment, household spending on consumer durables, and residential investment. Through this channel, monetary policy can be used to stimulate or slow aggregate spending in the short run. In the long run, monetary policy mainly affects inflation. A low and stable rate of inflation promotes price transparency and, thereby, sounder economic decisions by households and businesses. Debate is currently focused on whether the Fed's commitment to keeping rates low will cause inflation to become too high or whether inflation is more likely to continue running below the Fed's desired rate of 2%. Congress has delegated responsibility for monetary policy to the Fed but retains oversight responsibilities for ensuring that the Fed is adhering to its statutory mandate of "maximum employment, stable prices, and moderate long-term interest rates." Congressional debate on Fed oversight has focused on audits by the Government Accountability Office (GAO). The Dodd-Frank Act (P.L. 111-203) broadened GAO's ability to audit the Fed and required audits of the Fed's emergency programs and governance. In the 113th Congress, H.R. 24, the Federal Reserve Transparency Act of 2014, would remove all statutory restrictions on GAO audits and require a GAO audit. H.R. 5018, the Federal Reserve Accountability and Transparency Act of 2014, would subject monetary policy decisions to GAO and congressional oversight, expand public disclosures, and subject Fed rulemaking to cost-benefit analysis. H.R. 3240, the Regulation D Study Act, would require GAO to conduct a study on the impact of reserve requirements. S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, would require that the President appoint to the Federal Reserve Board at least one governor with community banking experience.
Download or read book The Impact of the Federal Reserve s Money Policies on the Economy written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1976 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Report of the President written by and published by . This book was released on 1956 with total page 1562 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Reserve and the Political Economy of Monetary Policy written by John Turner Woolley and published by . This book was released on 1980 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the Federal Reserve written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Reserve Monetary Policies written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1958 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the Federal Reserve written by Lindsay S. Kelsey and published by . This book was released on 2010 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy and the Federal Reserve written by Congressional Service and published by Createspace Independent Publishing Platform. This book was released on 2018-01-25 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress has delegated responsibility for monetary policy to the nation's central bank, the Federal Reserve (the Fed), but retains oversight responsibilities for ensuring that the Fed is adhering to its statutory mandate of "maximum employment, stable prices, and moderate long-term interest rates." To meet its price stability mandate, the Fed has set a longer-run goal of 2% inflation. The Fed's control over monetary policy stems from its exclusive ability to alter the money supply and credit conditions more broadly. Normally, the Fed conducts monetary policy by setting a target for the federal funds rate, the rate at which banks borrow and lend reserves on an overnight basis. It meets its target through open market operations, financial transactions traditionally involving U.S. Treasury securities. Beginning in September 2007, the federal funds target was reduced from 5.25% to a range of 0% to 0.25% in December 2008, which economists call the zero lower bound. By historical standards, rates were kept unusually low for an unusually long time to mitigate the effects of the financial crisis and its aftermath. Starting in December 2015, the Fed has been raising interest rates and expects to gradually raise rates further. The Fed influences interest rates to affect interest-sensitive spending, such as business capital spending on plant and equipment, household spending on consumer durables, and residential investment. In addition, when interest rates diverge between countries, it causes capital flows that affect the exchange rate between foreign currencies and the dollar, which in turn affects spending on exports and imports. Through these channels, monetary policy can be used to stimulate or slow aggregate spending in the short run. In the long run, monetary policy mainly affects inflation. A low and stable rate of inflation promotes price transparency and, thereby, sounder economic decisions. While the federal funds target was at the zero lower bound, the Fed attempted to provide additional stimulus through unsterilized purchases of Treasury and mortgage-backed securities (MBS), a practice popularly referred to as quantitative easing (QE). Between 2009 and 2014, the Fed undertook three rounds of QE. The third round was completed in October 2014, at which point the Fed's balance sheet was $4.5 trillion-five times its precrisis size. After QE ended, the Fed maintained the balance sheet at the same level until September 2017, when it began to very gradually reduce it to a more normal size-a process that is expected to last for several years. The Fed has raised interest rates in the presence of a large balance sheet through the use of two new tools-by raising the rate of interest paid to banks on reserves and by engaging in reverse repurchase agreements (reverse repos) through a new overnight facility. The Fed "expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run." Thus, although rates are being raised, the Fed plans to maintain an unusually stimulative monetary policy for the time being. In terms of its mandate, the Fed believes that unemployment has reached the rate that it considers consistent with maximum employment, but inflation has generally remained below the Fed's 2% goal since 2013 by the Fed's preferred measure. Debate is currently focused on how quickly the Fed should raise rates. Some contend the greater risk is that raising rates too slowly at full employment will cause inflation to become too high or cause financial instability, whereas others contend that raising rates too quickly will cause inflation to remain too low and choke off the expansion.
Download or read book The Fed written by Maxwell Newton and published by Times Books(NY). This book was released on 1983 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
