The Fed is accountable to the public, as well as to the US Congress. The Chair and Federal Reserve officials testify in front of Congress, while the system of setting monetary policy is designed to be clear and transparent. In the interests of accountability, the Federal Open Market Committee will publish statements following all annual meetings. All financial statements are audited independently once a year to ensure financial accountability as well.
This works alongside price stability – when an economy is stable, long-term interest rates remain at a moderate level The Fed aims to achieve its monetary policy through its influence over interest rates and the general financial climate. This can lead to volatility of the US Dollar, ahead of Fed announcements and changes to policies.Monetary policy is set by the Federal Open Market Committee , which oversees the open market operations of the Federal Reserve System.
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what is the upcoming position of gold price
Crazy how WW kicked off after that.
What year did world war kick off again?
We all pay for our ignorance and complacency. Who would of thought that we had to watch those who were supposed to watch for us.
Woodrow Wilson regret the Federal Reserve Act, and before his death, stated: 'I am a most unhappy man--unwittingly I have ruined my country.' 'The bill passed on December 22, 1913, and President Wilson signed it into law the next day. Later he regretted what he had done.
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