Читать книгу The Investment Advisor Body of Knowledge + Test Bank - IMCA - Страница 49

Learning Objectives

■ Explain the purpose and structure of the U.S. Federal Reserve System (the “Fed”).

■ Describe the mandated goals of the Fed.

■ List and describe key economic influences on Fed policy including: nonfarm payrolls, industrial production, housing starts, motor vehicle sales, commodity prices, the employment cost index, and nonfarm productivity growth.

■ Define monetary policy and differentiate from fiscal policy.

■ Describe and explain how monetary policy is implemented.

■ Discuss the impact of monetary policy and its influence on the economy and financial markets.

■ Discuss the issue of global credibility and confidence in central banks worldwide.