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Basic Monetary Policy Objectives
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
What are the Fed’s basic objectives?
As noted in the preceding chapter, the goals set for monetary policy in the Federal Reserve Act are maximum employment, stable prices, and low, ...
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Conclusion
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
What major challenges face the Fed as an organization in the future?
Judged from today’s conditions, I would mention three.
First, the Fed needs somehow to bring ...
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The Fed’s Organization for Policy
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
Where does responsibility for monetary policy decisions reside in the Fed?
Though organized as a regional system, with 12 Federal Reserve Banks around the country, monetary policy ...
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The Fed’s Role, Other Domestic Policies, and Conditions Abroad
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
What policies outside the Fed’s control most influence its policy effectiveness?
With regard to policies that are, like the Fed’s monetary policy, aimed at influencing the economy ...
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The Fed’s Two Great Postwar Crises
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
In what ways are the two great postwar crises similar?
On the face of it, they are hardly similar at all. The first, the great inflation crisis encompassed the 1970s and the first ...
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The Formulation and Communication of Monetary Policy
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
What is the institutional structure for monetary policy decisions?
Monetary policy is essentially formulated in the FOMC because it is the entity within the Fed that controls open ...
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Instruments of Monetary Policy
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
How are the Fed’s monetary instruments employed in the policy process?
In implementing its monetary policy, the Fed has several policy instruments available to it, principally the ...
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Introduction
Stephen H. Axilrod
in The Federal Reserve: What Everyone Needs to Know®
Why is the Federal Reserve (the Fed) so important to the country?
The Fed is the nation’s central bank and, as authorized by law, independently determines the country’s monetary ...
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