France says it is ready to release some of its strategic oil reserves, possibly in a joint effort with the United States and Britain to curb the increase in crude oil prices and cut the cost of gasoline that motorists pay. French Energy Minister Eric Besson said Wednesday that the U.S. had asked it to […]
France Considering Release of Oil Reserves
Posted March 28th, 2012 at 3:00 pm (UTC-5)
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U.S. Central Bank Monetary Policy Ensures Money and Credit
Posted August 11th, 2011 at 10:30 am (UTC-5)
The Federal Reserve in the United States acts as the country’s central bank. It has a mandate to promote maximum employment, stable prices and moderate long-term interest rates. The “Fed” has three main functions: –Provides and maintains an effective payments system, –Supervises and regulates banking operations –Conducts monetary policy. Structure of the Federal Reserve System: […]
U.S. Central Bank Monetary Policy Ensures Money and Credit
Posted August 9th, 2011 at 1:50 pm (UTC-5)
The Federal Reserve in the United States acts as the country’s central bank. It has a mandate to promote maximum employment, stable prices and moderate long-term interest rates. The “Fed” has three main functions: –Provides and maintains an effective payments system, –Supervises and regulates banking operations –Conducts monetary policy. Structure of the Federal Reserve System: […]
Nobel Laureate Abandons Quest For US Central Bank Post
Posted June 6th, 2011 at 10:35 am (UTC-5)
Nobel Prize-winning economist Peter Diamond is giving up his bid to be one of the governors of the U.S. central bank. He was nominated for the U.S. Federal Reserve post by President Barack Obama, but now appears unlikely to win Senate confirmation. The Fed sets interest rates and other economic policies with the goals of […]
