The Fed

Made By Zach Dederich (could not upload pictures)

The Fed is not entirely part of the government

The fed is a part of the government but it is also publicly run. The board of governors is not what they sound like. They are normal people who are good at economics. What makes them part of the government is that the president selects tho is on the board.

Board of governors

The board of governors is a group of 7 president picked people who help set our monetary policy, set minimum amount of cash at hand and they use the open market to sell/buy securities.

Tools of the Fed

. . . . . .

FOMC

Meet 6-8 times a year. The voters are the 7 board of governors, NY district bank, 4 other district bank reps= 12 voters