The Federal Open Market Committee is scheduled to have one of its regularly-scheduled meetings with Fed Chair Janet Yellen making an announcement on interest rate policy. Most observers expect the Fed to leave short-term interest rates unchanged for now, but the FOMC’s likely actions in the near future could be to raise rates. Dr. Tiemann reviews the purpose of Monetary Policy in the context of the functioning of our banking system, the history, thinking and goals that animate the Fed’s actions.
Topics & Details
- Tags - Discount Rates, Federal Funds Rate, Federal Open Market Committee, Federal Reserve, Free Banking Era, Gary Gorton, James Grant, Janet Yellen, Monetary Policy, Stimulus policies, Walter Bagehot
- Categories - Congress, Economics, Fiscal Policy, Gold Standard, Inflation, Monetary Policy, Notes, Quantitative Easing, Recessions
- Download the PDF: - The Purpose of Monetary Policy
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