The Federal Reserve is a central bank.
It oversees monetary policy.
But its actions also have implications for the economy.
The central bank also oversees the federal debt and the U.S. government.
That’s why the Federal Reserve has become a source of controversy over the past few years.
Now that the central bank is a big part of the economy, what do you make of its actions?
WSJ’s Adam Davidson explains.
(1:50) WSJ.com: The Fed is a major player in our economy WSJ: The Federal Open Market Committee (FOMC) has been the primary lender of the Fed since 1913.
But in recent years, the FOMC has been increasingly focused on monetary policy, and it has adopted policies that many economists believe may be counterproductive.
WSJ reporter Adam Davidson joins WSJ contributor Jennifer Epstein as she discusses how the Fed’s efforts to boost inflation are hurting the economy in a new book.
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