The Federal Reserve
Nela Richardson explains the purpose and responsibilities of the federal reserve. (2 minutes)
Description
Economist Nela Richardson explains the purpose and responsibilities of the Federal Reserve.
Bell Ringer Assignment
- Explain why the Federal Reserve was created. What are its main characteristics?
- According to Ms. Richardson, what are the two traditional responsibilities of the Federal Reserve?
- Explain quantitative easing and its purpose.
- How are the mandates of the Federal Reserve sometimes in conflict?
Participants
Vocabulary
- Central Bank
- Decentralized
- Dodd Frank Act
- Federal Reserve
- Full Employment
- Inflation
- Interest Rate
- Mandate
- Monetary Policy
- Price Stability
- Quantitative Easing