v160redreserve

v160redreserve - 23:24 11khart...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
23:24 11khart President of CEA=  Lawrence Summers Treasure of Secretary=  Timothy Geithner Monetary Policy=  Ben   Bernanke All Economic Polices = President Obama Head of OMB-  Peter   Orszag Before left worked with thinking tank (central left) Secretary of Commerce-  Sen. Judd   Gregg Deals with business side Senator for New Hampshire Federal Reserve Monetary system as a tool to control the money supply is centered by the federal  reserve Able to encourage or discourage lending money by loosing or tightening the reserve  requirements that banks have to maintain on their deposits  which is the source of much economic activity theory suggests should be able to give out more to the banking system to lend at low  rates when funds are needed President appoints board of Fed, influence informal, but can do good cop bad cop when  needed Council of Economic Advisers (CEA)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This document was uploaded on 10/27/2011 for the course SPEA-V 160 at Indiana.

Page1 / 4

v160redreserve - 23:24 11khart...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online