The Federal Reserve sets U.S. monetary policy to promote maximum employment and stable prices in the U.S. economy.
The primary way the Federal Reserve implements monetary policy is by targeting the federal funds rate
The Fed pegged interest rates at a low level during WWII and enforced the peg after the war ended
The 2007-10 crisis stemmed in part from an expansion of mortgages to high-risk borrowers
The 1980 Act was one of the most important laws to affect the Fed in its 100-year history
In 1979, Fed Chairman Paul Volcker announced new anti-inflation measures
Commonly called Humphrey-Hawkins, the 1978 Act set new goals for the nation’s economic policymakers
The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982