- Alan Greenspan is an American economist and former chairman of the Federal Reserve.
- Ben Bernanke - former chairman of the Federal Reserve from 2006 to 2014.
- The deposit multiplier is the maximum amount of money a bank can create in the form of checkable deposits for each unit of money in reserves.
- Expansionary policies are aimed at stimulating the economy by increasing demand through monetary and fiscal stimulus.
- Federal funds refer to excess reserves held by financial institutions in excess of the central bank’s mandatory reserve requirements.
- The federal funds rate is the target interest rate set by the FOMC.
- The Federal Open Market Committee is a division of the Federal Reserve System.
- The Federal Open Market Committee is a division of the Federal Reserve System.
- The Federal Reserve Act of 1913 created the Federal Reserve System, known simply as the “Fed”.
- The Federal Reserve System is the central bank and monetary authority of the United States.