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Executive's Guide to Fed Policy and Associated Risks: Part 1
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Executive's Guide to Fed Policy and Associated Risks: Part 1

Understanding the Role of the Fed and the Tools at Its Disposal

Dana M. Peterson and Hollis W. Hart
The Conference Board, 2021
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Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

While setting and implementing monetary policy is the US Federal Reserve’s core mission – Congress mandates that it ensure price stability and maximum employment – the central bank also works in several other capacities that can affect businesses of all types. Experts Dana Peterson and Hollis W. Hart explain the Fed’s mandates and governance tools, as well as its priorities and directives, in this robust Part 1 of a two-part series on the US central bank. Business leaders and financial professionals will find this a valuable reference guide.

Take-Aways

  • The US Federal Reserve uses monetary policy to achieve price stability and maximum employment.
  • The Fed makes a thorough examination of economic, financial and geopolitical factors.
  • Conventional and unconventional tools allow the Fed to shape monetary policy.

About the Authors

Dana Peterson is chief economist at the Conference Board. Hollis W. Hart, a former executive at Citi, is a senior fellow at the Conference Board and an advisory board member at ReferencePoint.

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