Federal Reserve System and Monetary Policy
View monetary policy on the Federal Reserve (https://www.federalreserve.gov/monetarypolicy.htm) 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?
Please use scholarly sources.
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