Question
In this module, we have explored the Federal Reserve's extraordinary power to affect the economy and our lives. It supports the banking system as lender
In this module, we have explored the Federal Reserve's extraordinary power to affect the economy and our lives. It supports the banking system as lender of last resort, as regulator, and as supervisor. It manages the economy to minimize inflation and control unemployment. The Fed acquired extraordinary new powers during the financial crisis of 2008 and the Pandemic of 2020-1. In this assignment, you will explore how the Fed is using these its vast powers today.
- Review your notes, readings, discussions, and mini-lectures in this module.
- Read one article from the Wall Street Journal about the Federal Reserve. Search for "Federal Reserve" using the magnifying glass at top-right of the home page (see below). Note: as a student, you can get a free subscription.
- Submit a Word document with:
- The title and link to the article you've selected
- Summarize in one paragraph the article, using the concepts in this module, in your own words (no direct quotes)
- Respond with your opinion of the Fed's situation or action, using the concepts in this module.
- Proofread your work for completeness, originality, sources, spelling, grammar, punctuation and professionalism before pressing "Submit".
You will receive full credit for this assignment when you submit a Word document summarizing an article about the Fed, which includes all required elements (a, b, and c.), you demonstrate you have read the article and can apply the concepts from this module, and you have used your own words i.e., without quotations. Review the SafeAssign report before submitting your work.
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