The Federal Reserve plays a significant role in maintaining the stability and liquidity (the ability to turn an asset into cash) of the financial system by working towards low and stable inflation and also strive to encourage growth in output and employment . A second component, the Federal Reserve Board...
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...y 10). Retrieved May 23, 2012, from Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/newsevents/press/other/20110110a.htm
Press Release. (2012, January 11). Retrieved May 23, 2012, from Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/newsevents/press/other/20120110a.htm
(1914). The Federal Reserve Act of 1913. In O. Sprague, The Quarterly Journal of Economics, Vol. 28 No. 2 (pp. 213-254). Oxford University Press.
The Budgetary Impact and Subsidy Costs of the Federal Reserve's Actions During the Financial Crisis. (n.d.). Retrieved May 21, 2012, from CBO: http://www.cbo.gov/publication/21491
Who are the members of the Federal Reserve Board, and how are they selected? (n.d.). Retrieved May 21, 2012, from Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/faqs/about_12591.htm
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