Discussion Post: Does The Federal Reserve Help Keep Economy Going In Right Direction?
The Federal Reserve was criticized for not seeing and taking the correct steps to avoid the financial meltdown of 2008 and the "Great Recession" that followed. Some economists also criticized that the Federal Reserve has too much power, too little accountability, too little transparency and always acts too late to be effective in the role it's supposed to play.
Task:
During the 2008 "Great Recession", did the Federal Reserve help keep the U.S. economy going in right direction? Or did the Federal Reserve make things worse?
Share your thoughts.
Watch the YouTube Videos:
o "Money for Nothing: Inside the Federal Reserve"
o "When the Fed Does Too Much"
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.