During recessions, the Federal Reserve utilizes a variety of monetary policy measures to assist lower unemployment and re-inflate prices, in such a way, it stimulates the United States economy.
What is the significance of the Federal Reserve?
The Federal Reserve System, also known as the Federal Reserve or The United States' central bank. The Congress established it to give the nation with a more secure, adaptable, and stable monetary and financial system.
During recessions, the Federal Reserve employs a number of monetary policy instruments to aid in the reduction of unemployment and the re-inflation of prices.
Therefore, under the Federal Reserve, available are open market discount lending, asset acquisitions, reserve regulation, and forward guidance to influence market expectations.
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