Follow the link to read a condensed version of an interview on National Public Radio (NPR) that gives a great overview of the power of the Fed:

The Key To Power At The Federal Reserve? Running The Meetings

Watch the following video about the U.S. Federal Reserve

The U.S. Federal Reserve Bank - How it Works, and What it Does - Money, Dollars, & Currency

Using the Internet, research one of the powers, policies, or people involved in the Federal Reserve System. Some suggestions: quantitative easing, selection of the new Fed chair, Fed policies in response to the financial crisis.

Locate an article from a credible source regarding recent Federal Reserve activities. (Source must not be more than twelve months old.)

Summarize the article, and make sure to include the link to it.

In addition, answer the following questions:

Does your article support the idea that the chair of the Federal Reserve is one of the most powerful positions in the U.S. (and possibly the world)?

If so, in what way(s)?

If not, in what way(s)?