The Federal Reserve Board Of Governors

The Federal Reserve system was created to help maintain a balance for the monetary system in America. Not only does it help regulate the flow of currency, but it also oversees banks and therefore influences Americans on a personal level with their finances. Evidently, the system is deeply webbed into the federal system and everyday American life that it is now the system that is largely used help to keep order to the economy. While the system has been beneficial, it’s also had its moments where it has created chaos. For example, the system has caused inflation, which has harmed

Life: Where do we come from? How did we get here? These are questions each one of us eventually asks ourselves and, in so doing, searches for the answers. It is intrinsically woven into us to know the basis of what sustains us. Why is it then, that the general public is satisfied in knowing only about current celebrity gossip and is content to remain ignorant when it comes to where our currency originates and how it is produced? Some may find it too confusing and overwhelming a subject about which to think. Is it possible that its perplexity is not by mistake? James Corbett mentions in his documentary, Century of Enslavement: The History of The Federal Reserve, “Our monetary ignorance is artificial, a smokescreen that has been erected on purpose and perpetuated with the help of complicated systems and insufferable economic jargon.” (Corbett, J., 2014, July 6.https://www.youtube.com/watch?v=5IJeemTQ7Vk)

The history of The Federal Reserve goes as far back as the mid-1700s. In 1743 to be exact, there was a goldsmith by the name of Amschel Moses Bower. This Goldsmiths Job was to trade Gold, Silver, and other precious items and exchanged them for a paper currency worth more than the value of the original item handed in with an interest rate.(1)That same Goldsmiths Company expanded tremendously under the ruling of his son Mayor Amschel Rothschild. Sir Amschel 's son Mayor changed his last name that was influenced from the money lending business passed on to him by his father that was named Red Shield. Which translates to his native German tongue as Rothschild. As business for Mayor Rothschild 's progressed from simply lending money to civilians for

The Fed, established in 1913, has several main functions that include: establishing monetary policy, regulating smaller banking institutions, and finding ways to create financial stability. There are several reasons that these responsibilities need to remain out of the hands of politicians. The economic rule that economics and politics do not mix well because of their differing focuses, the differing goals of the two bodies, and the inconsistency of politicians in Congress

Andrew W. Mellon served as secretary of the Treasury from March 4, 1921, to February 12, 1932. Under the provisions of the original Federal Reserve Act, this meant he was also ex-officio chairman of the Federal Reserve Board.

Alan Greenspan spent five terms as chairman of the Federal Reserve. In that time, he helped shape this nation more than many people realize. In this leadership paper, I will be showing his leadership qualities in his early years all the way through today. I will also be showing what his past actions and spoken words have done to change things today even though he is out of the Board of Governors. It is best to start out at the beginning to learn more about this very articulate person.

The Fed or Federal Reserve bank is not owned by any one single entity; instead, it operates as a governmental branch and represents its own separate agency. According to Macroeconomics 19th Edition, “the objective was to protect the Fed from political pressures so that it could effectively control the money supply and maintain price stability” (McConnell, Brue, Flynn, 2012, p.646). If outside forces or lobbyists were allowed to influence the Fed, they may gain leverage and persuade officials to make decisions that are in their best interest, rather than in the best interest of the country. An example of this may this may include lobbying officials to keep interest rates either high or low. The Fed is

Yellen first worked as an economist for a year for the Federal Reserve in the 1970’s. After this, she

Ben Benanke served as a Federal Reserve as chairman from 2006 to 2014 according to biography, Ben Benanke Biography. During Ben Benanke tenure as Fed chairman the economy was slightly stronger as it indicates the Federal Reserve of Saint Louis on its 2006 statement. Although thereafter the economy started to derail consequently due to the subprime mortgages practices and the unleashed behavior that many bankers sway through as the gambled with other people’s money as they pleased. However, Ben Benanke monetary approach was categorized as the most aggressive, thus carefully set, and frugal at all times. According to CNBC article the FED, Mr. Benanke said the central bank could have done more to fight the country’s financial crisis and he

Greenspan’s first job was in 1948 with the National Industial Conference Board, where he analyzed demand for steel, aluminum and cooper. From 1954 to 1974 and 1977 to 1987, Greenspan was chairman and president of Townsend-Greenspan & Co., Inc.

In a recent article in Bloomberg, reporter Jeannine Aversa gives some history and advice for Ben Bernanke, Fed Chief from Ben Bernanke the scholar.

The Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference following a meeting of the Federal Open Market Committee on SEPTEMBER 20, 2017 at Washington DC.

Alan Greenspan served as chairman of the Board of Governors of the Federal Reserve System for five consecutive terms. He first filled an unexpired term as a member of the Board of Governors as chairman on August 11, 1987. On January 21, 2006, his last term ended. He was appointed chairman by four different presidents.

Janet Yellen was born in Brooklyn, New York during the year of 1946 and during her teenage years she attended Fort Hamilton High School. In high school, she worked at the school newspaper as editor-in-chief. She graduated high school in 1963 as a valedictorian in her graduating class. After high school she went to college to study economics at Brown University where she earned her Bachelor’s degree in 1967. In 1970’s she had met her husband George Akerlof while she worked at the Federal Reserve. As her career started taking of she had written many publications and papers. Her husband Akerlof was a Nobel Prizewinning economist and they had written some publications together as well. Yellen soon got her Ph.D in 1971 from Yale University and spent

Alan Greenspan Alan Greenspan, the chairman of the Federal Reserve, has always fascinated the financial community. Whatever he says can make or break the markets. He is a highly educated economist with many years of experience. People seek for his advice and obey his judgments. His proclamations are repeated and expounded upon. Greenspan is loved, feared, and never ever questioned. As a result of being a strong chairman of the Fed, he has made a difference the U.S. economy through his way of dealing with inflation. Also, the presidency no longer counterbalances or even criticizes the Fed. First of all, we will consider his background. Alan Greenspan was born on March 6, 1926, in New York City. He received a B.S. in economics in 1948, an