• Explainthe major functions of the Federal Reserve.
• Discuss why the money supply curve is vertical.

The Federal Reserve System is:

The Central banking system of the Unites States of America.THe United States congress established three key objectives for monetary policy in the Federal Reserve Act:

• Maximizing employment
• Stabalizing prices
• And modizating long-term interest rates

The first two objectives are referrd to as :

The Federal Reserves' Dual mandate, includes:

• Supervisory
• Regulating Banks
• Maintaining the stability of the financial system
• Providing financila services to depository institutions
• The United States government
• And Foreign official institutions

The Feds should conduct research into economics and provide publications, such as:

• The Beige Book
• And THe FRED databa

The Federal Resrve System is governed by:

• The appointed board of governors or Federal Reserve Board (FRB)
• Twelve regional Fedral Reserve Banks, located in cities throughout the nation
• Regulate and oversee privately owned commercial banks.

Naturally chartered Commercial Banks are required to:

• Hold stock in
• And select some of the board members of the Federal Reserve bank in the region.

Do you agree or disagree with this discussion?

PS: add reference. Thanks!