Hi Brain, Yesterday I participated in an amazing webcast with one of the Governors of the Fed, Gov. Lael Brainard. She spoke for a a good amount of time about her role at the fed and then eventually opened it up for questions. I was able to ask about the growing opportunity in marketplace lending. She was really interested in the question and said that she foresaw a more prominent role of this new lending in the economy. I was also able to get her contact information (albeit behind a locked door where I know someone who will pass along the question and the subsequent response). I wanted to know if you had anything you would like me to ask her! Lastly, I have a meeting with one to the directors of the Grinnell Endowment. She emailed me asking
Our economy is a machine that is ran by humans. A machine can only be as good as the person who makes it. This makes our economy susceptible to human error. A couple years ago the United States faced one of the greatest financial crisis since the Great Depression, which was the Great Recession. The Great Recession was a severe economic downturn that occurred in 2008 following the burst of the housing market. The government tried passing bills to see if anything would help it from becoming another Great Depression. Trying to aid the government was the Federal Reserve. The Federal Reserve went through a couple strategies in order to help the economy recover. The Federal Reserve provided three major strategies to start moving the economy in a better direction. The first strategy was primarily focused on the central bank’s role of the lender of last resort. The second strategy was meant to provide provision of liquidity directly to borrowers and investors in key credit markets. The last strategy was for the Federal Reserve to expand its open market operations to support the credit markets still working, as well as trying to push long term interest rates down. Since time has passed on since the Great Recession it has been a long road. In this essay we will take a time to reflect on these strategies to see how they helped.
The San Francisco branch of the Federal Reserve has a diversion on its site that gives you a chance to play at being Chair of the Federal Reserve. In the wake of tinkering with it, I 've arrived at a few conclusions: Modeling the economy is a mug 's diversion, fleeting loan costs are a poor instrument for guiding the economy, and I ought to never be given the employment of running a national bank.
The Federal Reserve System, initially created to subdue banking panics, has now adopted numerous responsibilities like encouraging a sound banking system and a healthy economy. To delegate these responsibilities, the FED has been divided up into a power diffusing
This briefing is designed to cover several key economic concepts which will help prepare you for your upcoming debate regarding the Federal Reserve. The Federal Reserve is the central banking institution of the United States of America. Commonly known as “the Fed”, the Federal Reserve plays an extremely important role in the economy of the USA, and by association, the world. Created in 1907 following a severe economic crisis, the Federal Reserve uses a variety of tools to promote growth, reduce instability, and prevent crises in the American economy. In general, the Federal Reserve accomplishes these goals by using their influence to maximize national employment, control inflation and interest rates, and increase national GDP. Before we discuss the Fed in any further depth, we will first review some of these basic economic concepts that are essential for understanding how it operates.
Just a few days ago, the Federal Reserve increased the federal funds rate from 1.25% to 1.5%. The federal funds rate is one method that the Federal Reserve uses to control monetary policy. The other methods used by the Fed to control monetary policy are open-market operations, and the discount window. The federal funds rate is defined as the interest rate that banks charge each other to lend reserve funds. The federal funds rate is usually than the discount rate so that banks are more inclined to go to other banks first, rather than the Fed. During the recession in 2008, the federal funds rate was near 0 in the hopes that banks would lend more, and the economy would be kickstarted. However, as the effects of the
Hi Kelsey, when I was completing my AA and took intro to education, I was able to see a glimpse of all the different grades because I knew the assistant principal at the school I was at, and he offered to show me around each different grade level. What I noticed that was the same about each grade level, was that they all used learning centers, so I was wondering if you could come up with a way that you could teach this standard using different center activities.
This semester I learned a lot about writing in English 151. It has been a roller coaster ride with these essays for me this semester. I learned step by step how to write a good essay and how to have your readers be engaged in what you’re trying to tell them. Each essay I did has taught me something valuable I can take to the next level of English. I feel as if as the semester went by I did not take my writing that seriously and that reflected in my grades I received in each essay. It made me a better student and writer and it will reflect next semester. In this essay, I will reflect on what I learned throughout this semester that you should apply in your writing when you begin English 151.
I am sorry I never sent you an update on things. I met with Dr. Crooks twice last week. He wants to help me; but if I switch now, I will have to push things for a year since I will need to start on a completely new project. With the ways things are now and with me being in the middle of writing the quals paper, I decided to have a very serious conversation with Jason last week. I told him that I am upset with how he acted about editing on my very first paper here. I was very honest because I needed him to really hear me. I think that he truly understand what I need him to do now, after our conversation. I am going to give him a chance and see how things work out this year. He did edit some of my writing for a paper I am currently
I met with Ackashia Steed at my office at approximately 9 a.m., for a brief introduction as her new Housing Specialist. She stated that she was interested in moving down into a one bedroom apartment because she couldn't afford the utilities for her current three bedroom apartment due to her sisters moving into their own place.
Hi Alyssa, I really liked reading your post. I was also very interested by the history of child research because I found it interesting how parents used to have to study their children all by themselves. I can only imagine how stressful it must have been to have an underdeveloped child in the 1800's because of the lack of resources and information about it. I also liked learning about the theorists, and I thought it was really interesting to see how their theories can be integrated into our classrooms. Chapter 2 was also very interesting. Like you, I liked learning about the brain, but it was really just a refresher for me because I took human biology when I was getting my AA. I am really glad that I took that class because it has really
Hi Marisa, I really enjoyed your against the grain approach on your bio and I can honestly say I really respect someone who admits their bad qualities first before the good.
During our trip to the Jacksonville branch of the Federal Reserve Bank of Atlanta, I was able to gain more knowledge on how the Fed operates as well as some more interesting facts about the Federal Reserve in general. Our tour guide, Ms. Lesley Mace, was both kind and knowledgeable of not just the bank, but in economics as a whole. She mentioned that she had completed her graduate degree in economics and it showed in her presentation through both her knowledge and passion for what she does. The format of the tour was interesting since we first listened to a PowerPoint presentation given by Ms. Mace and then we had the chance to actually go in and physically see the cash handling procedure and how they go about destroying currency that is
I wanted to touch base with you on the research proposal template I sent you several months ago (after Western). We’re currently interested in research projects that look into the housing and mortgage markets and explore alternative market-based approaches that can potentially replace the current government-backed system. I know that’s an area you’ve done some research in and wanted to let you know that if you have some ideas on projects, we’d love to have a chat about your ideas and see if they can potentially fit within our working paper series.
This chapter helped me realize that normally adults that are famous for something they did never get there just because they are talented, but because they work very hard to do that amazing thing. This is something that really didn’t understand completely, I always thought that those people were just very gifted at what they did, I knew that they did work or practice, but I didn’t realize that that was the main thing that got them where they were. I remember when I first got into the gifted program I thought it was all DNA and that I got very lucky with how smart I was, but now I know that it is because I am practicing those skills often, even back then I know that I would ask my mom if she would give more math problems to solve. I was always one of the first one to understand the lesson and I was always finishing my practices before everyone else, so I would, instead of sitting around, help people I
The film Sicko was indeed a very powerful and educational documentary about the United States Health Care System. There were numerous stories that resonated with me, but if I were to just choose one, it would have to be the story about the 9/11 rescuers who couldn’t afford to receive treatment for their illnesses, which were caused by their heroism on 9/11. When I heard this story, it just made me so upset that our healthcare system could not make an exception to treat the many heroes of 9/11. On the contrary, they were treated better and on top of that for free by another country. Every single day we are losing thousand and thousand of our people simply because they do not have the means to pay for their treatments. In fact, the Center for Disease Control and Prevention website states, that there are still over 28 million people in the United States who are uninsured (Cdc.gov, 2017). The American Journal of Public Health published a new study about the number of deaths found annually for those who are uninsured. The study found that nearly 45,000 annual deaths were associated with the lack of health insurance (Cecere, 2009). These numbers are upsurge and something needs to be done to change this.