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Tuesday, October 30, 2012

The Fed by flow chart....


Econ 3323 ($ Theory & Policy) Alumnus said...

Dr P,
I think I've spotted a misprint on this:

"Well the President appoints the 12 people who make up the board of governors. They serve terms of 14 years and make the big decisions."

BOG is 7 members appointed by the President.

~Econ 3323 ($ Theory & Policy) Alumnus

Randall Parker said...

Very good. They all don't have 14 year terms either.