Describe the current structure of the Federal Reserve system and monetary policy in the United States.

Description

View monetary policy on the Federal Reserve (Links to an external site.) website. Describe the current structure of the Federal Reserve system and monetary policy in the United States. Specifically identify and discuss the following:

What are the primary functions of the Federal Reserve?

Describe the structure of the Board of Governors of the Federal Reserve.

How do the Federal Reserve Board and Federal Open Market Committee function?