Welcome, my name is Joseph Stroud, and today we will be reviewing a script for an view taking place with an oil and gas economist. These questions will cover several topic as but not limited to the structure of the Federal Reserve, the functions of money, and the ualilies of ideal money. Additionally, we will be discussing the tools of monetary policy by the Federal Reserve to manipulate the money supply in the United States, what is the m state of monetary policy regarding contractionary and expansionary stance in the Unit: s and lastly, what are the potential impacts of oil and gas throughout the next couple of : regarding this monetary policy stance. The rst order of business is understanding the current structure of the Federal Reserve ld you mind explaining to our listeners what this looks like? Yes, the Federal Reserve is, i we, the nations decentralized central bank, and being such, the Federal Reserve has tweh Inal reserve banks spread throughout the U.S.; however, it is not a part of any government ial branch of control by the United States. The Federal Reserve comprises three major pa] oard of governors, the reserve banks, and the Federal l[Iflpen Market Committee [FDMC). ward of governors is located in Washington D.C., and it oversees the Federal Reserve am and is comprised of seven members, including the chairman of the board according to :lo, M. D., 2019). All of these members are appointed by the president of the United State serving fourteen-year terms of office. Different regions have different reserve banks, and of these banks varies based upon the needs of their specific region to support economic a