What Does Monetary Policy Mean?The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as increasing the interest rate, or changing the amount of money banks need to keep in the vault (bank reserves).
One has to wonder why Mr. Bernanke BOTHERED holding a news conference. Very few of the questions were tough and certainly didn't bring light to the topic of the economy. In my opinion, the news conference, including the opening statement, was more political than serving any other purpose.
In support of President Obama, it was obvious from Mr. Bernanke's statements he instilled a sense of prolonged recovery. But, then that is an excuse for Republicans to have a poor performance record since 2010 elections as well. I wasn't thrilled with the statements by the Fed Chair and I remain very skeptical regarding the decisions by this institution to actually providing valuable policy for a sagging USA economy.
Monetary policy is made by the Federal Open Market Committee (FOMC), (click title to entry - thank you) which consists of the members of the Board of Governors of the Federal Reserve System and five Reserve Bank presidents. The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed....
One has to wonder why Mr. Bernanke BOTHERED holding a news conference. Very few of the questions were tough and certainly didn't bring light to the topic of the economy. In my opinion, the news conference, including the opening statement, was more political than serving any other purpose.
In support of President Obama, it was obvious from Mr. Bernanke's statements he instilled a sense of prolonged recovery. But, then that is an excuse for Republicans to have a poor performance record since 2010 elections as well. I wasn't thrilled with the statements by the Fed Chair and I remain very skeptical regarding the decisions by this institution to actually providing valuable policy for a sagging USA economy.
Monetary policy is made by the Federal Open Market Committee (FOMC), (click title to entry - thank you) which consists of the members of the Board of Governors of the Federal Reserve System and five Reserve Bank presidents. The FOMC holds eight regularly scheduled meetings during the year, and other meetings as needed....
