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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (78914)	5/8/2008 9:00:02 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116555

So you're saying the Fed didn't spew out billions of free dollars onto the real estate bonfire?

To: SouthFloridaGuy who wrote (78914)	5/8/2008 9:03:19 PM
From: Broken_Clock	Respond to of 116555

1 History 1.1 The Federal Reserve Act 1.2 Post Bretton Woods era 2 Purpose 2.1 Addressing the problem of bank panics 2.1.1 Elastic currency 2.1.2 Check clearing system 2.1.3 Lender of last resort 2.2 Central bank 2.2.1 Federal funds 2.3 Balance between private banks and responsibility of government 2.3.1 Government regulation and supervision 2.3.1.1 Preventing speculative loans 3 Structure 3.1 Independent within government 3.2 Outline 3.3 Board of Governors 3.4 Federal open market committee 3.5 Federal Reserve Banks 3.5.1 Board of directors 3.5.2 List of Federal Reserve Banks 3.6 Member banks 4 Monetary policy 4.1 Interbank lending is the basis of policy 4.2 Goals of monetary policy 4.3 Tools of monetary policy 4.3.1 Open market operations 4.3.1.1 Repurchase agreements 4.3.2 Federal funds rate and discount rate 4.3.3 Reserve requirements 4.3.4 Term auction facility 4.3.5 Term securities lending facility 4.3.6 Primary dealer credit facility 4.4 Measurement of economic variables 4.4.1 The money supply 4.4.2 Consumer price index 4.4.2.1 Inflation and the economy 4.4.3 Unemployment rate 5 Budget 5.1 Balance sheet 6 Criticisms 6.1 Historical criticisms 6.1.1 Handling of The Great Depression 6.1.2 Inflation 6.2 Monetary policy uncertainties 6.3 Opacity 6.4 Business cycles, libertarian philosophy and free markets 6.5 Congress 6.6 Conspiracy theories 7 See also 8 References 9 Bibliography 9.1 Recent 9.2 Historical 10 External links 10.1 Official Federal Reserve websites and information 10.2 Other websites describing the Federal Reserve 10.3 Sites critical of the Federal Reserve