Chapter 14 - The Federal Reserve and Monetary Policy

1		The person who dominated monetary policy since the late 1980s has been .
2		The Banking Act of 1999 extended the jurisdiction of the Federal Reserve to (1) insurance ; (2) funds; (3) companies; (4) dealers; and (5) finance .
3		The Federal Reserve would not have been able to keep interest rates low in the 1990s unless Congress and the president had not cooperated by reducing and then eliminating the federal .
4		Large corporations with good credit rating borrow at the rate of interest.
5		The Federal Open Market Committee consists of and five (who serve on a rotating basis).