Description
Federal Reserve Chairman Ben Bernanke lectured an upper division economics class on the history of the Federal Reserve and explained the bank's dual role of promoting stability in the financial system and promoting economic policies to ensure maximum employment and price stability.
4 minutes
Bell Ringer Assignment
- What are the two broad functions of the Federal Reserve (Central Bank)?
- Describe the two basic tools the FED utilizes to maintain economic stability?
- Describe the dual mandate has Congress given the FED?
Participants
Vocabulary
- Central Bank
- Federal Reserve
- Inflation
- Interest Rates
- Monetary Policy
- Reserve Requirements
- Unemployment