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1.Provide a brief history of the Federal Reserve, including an explanation of why it was created. 2.Explain what the dual mandate is and how it guides the actions of the Federal Reserve Money supply 3.Describe the goals of the Federal Reserves monetary policy 4.Explain the tools used to regulate the money supply 4. Relationship with Congress 5.Explain who controls fiscal policy and how it attempts to close a recessionary gap 6.Describe why it is important for the Federal Reserve to maintain its independence from Congress. 7. Why might Congress attempt to influence the Feds actions?.

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1.Provide a brief history of the Federal Reserve, including an explanation of why it was created. 2.Explain what the dual mandate is and how it guides the actions of the Federal Reserve Money supply 3.Describe the goals of the Federal Reserves monetary policy 4.Explain the tools used to regulate the money supply 4. Relationship with Congress 5.Explain who controls fiscal policy and how it attempts to close a recessionary gap 6.Describe why it is important for the Federal Reserve to maintain its independence from Congress. 7. Why might Congress attempt to influence the Feds actions?

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