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Book of the week

The Federal Reserve: What Everyone Needs to Know (EBOOK)

Federal Reserve

by Stephen H. Axilrod

The Federal Reserve System - the central bank of the United States, better known as The Fed - has never been more controversial. Criticism has reached such levels that Congressman Ron Paul, contender for the Republican presidential nomination in 2012, published End the Fed, with blurbs frommusician Arlo Guthrie and actor Vince Vaughn. And yet, amid a slow economy and partisan gridlock, the Fed has never been more important.Stephen H. Axilrod explains this influential agency - its powers, operations, how it sets policy - in The Federal Reserve, a timely addition to Oxford's acclaimed series What Everyone Needs to Know. Of the two major governmental tools for shaping the economy, Congress controls fiscal policy -taxation and spending - and the Fed makes monetary policy - influencing how much money circulates in the economy, and how quickly. Traditionally the Fed has relied on three instruments: open-market operations (buying and selling U.S. bonds), lending to banks, and setting reserve requirements on bank deposits. It also helps to regulate the financial system.Drawing on years of experience inside the Federal Reserve System, Axilrod shows how these tools actually work, and answers a series of increasingly detailed questions in the series format. He asks, for instance, if the system of...

Last updated 05/16/2022 by P. Higo

University Archives & Digital Special Collections

University of Detroit Football Collection: University of Detroit vs. Michigan Normal College Program
University of Detroit Chorus Collection: Rehearsal - 1961
Maurice Greenia, Jr. Collections: Poetic Express Volume 5 Number 7
Dichotomy: School of Architecture Student Journal
Fr. Edward J. Dowling, S.J. Marine Historical Collection: Christopher Columbus
University of Detroit Yearbook Collection: The Red and White 1924
Fr. Edward J. Dowling, S.J. Marine Historical Collection: Dow Chemical
University of Detroit Chorus Collection
Maurice Greenia, Jr. Collections: Yet Signature with Stars, Image
Dichotomy: School of Architecture Student Journal
Dichotomy: School of Architecture Student Journal
University of Detroit Chorus Collection: Madrigal Dinner - 1965
Fr. Edward J. Dowling, S.J. Marine Historical Collection: Northern King
University of Detroit Yearbook Collection: The Tower '41
Maurice Greenia, Jr. Collections: Candy is Delicious Food Painting Maurice Greenia
University of Detroit Yearbook Collection: The Tower
University of Detroit Football Collection: University of Detroit vs. Haskell Institute Program
University of Detroit Football Collection: University of Detroit vs. University of West Virginia Program

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