The Federal Reserve Board is an
independent agency of the federal government established in 1913 to regulate
the nation's banking and financial industry.
1. Who is the current chair of the Federal Reserve Board of Governors? What
is the process used to determine the chair of the Board?
2. What is the Federal Open Market Committee? What is its role?
3. Discuss any recent major actions taken by the Fed in any of its four major
responsibilities.