The Federal Reserve
Yesterday and today’s videos discussed at length the powers of the Fed and the extraordinary powers that the Fed used during the banking crisis. To begin, reflect on what the overall mission of the Fed. Next, consider how the Federal Reserve handled the banking crisis. What were the actions that it took? Was it legal? Was it in keeping with the “spirit” of its mission? Why or why not?
With these thoughts in mind, respond to this week’s second Discussion prompt.
First:
Post a one to three paragraph analysis of the powers of the Fed and the powers it used during the banking crisis. Be sure to cite information from the videos to support your response.
Second:
- Read through a sampling of the postings of your colleagues, focusing particularly on those to which you can add relevant or insightful comments that expand the Discussion.
- Respond to two or more of your colleagues' postings in any of the following ways:
- Build on something your colleague said.
- Explain why and how you see things differently.
- Ask a probing or clarifying question.
- Share an insight from having read your colleague's posting.
- Offer and support an opinion.
- Validate an idea with your own experience.
- Expand on your colleague's posting.
- Ask for evidence that supports the posting.
- Return to your initial posting. Continue the dialogue as desired by responding to your colleagues’ thoughts.
Please proceed to the Federal Reserve Discussion.
