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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 900 |
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Reservable liabilities consist of net transaction accounts, nonpersonal time deposits, and Eurocurrency liabilities (Reserve Requirements, 2007).
Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate...
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When the federal funds rate changes, other rates such as short term interest rates, mortgage rates, and long-term interest rates are subject to change.
Ben Bernanke, Chairman
Ben Bernanke is the current chairman of the Federal Reserve Board. He was born on December 13, 1953 in Augusta, Georgia. Prior to his appointment, Bernanke served for seven months as Chairman of the President's Council of Economic Advisors (Bernanke, 2006)...
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