ipl-logo

Federal Reserve System At The Convocation Department Of Economics By Stanley Fischer

541 Words3 Pages

The study of economics is necessary according to Stanley Fischer, the Vice Chairman of the Board of Governors of the Federal Reserve System at the Convocation Department of Economics at Howard University. This is a speech being given to a group of undergraduate economic students in hopes to inspire the students’ love of economics even further. Fischer states that an economic degree is rewarding in providing various career paths that could result in high monetary gains and engages in the many issues that are facing society. The ability to understand the issues that are in the economic realm is one of the ways that these new students can shape new policies changes. Economics have a hand in every kind of policy decision, from foreign policies to domestic issues. Understanding the economics behind decisions can help those in power grasp a clearer view on how much a policy could cost in both the short and long run and can help whether the policy change is even feasible with the state of the world’s economic situation. …show more content…

And, second, what can be done to improve economic mobility… [?]…” (Fischer 2016). For the first question. Some of the possible answers are that the economic recession is taking a toll on the possible labor force, making some feel disenfranchised with finding a job. While another possibility is that the population is aging rapidly and does not have an adequate amount of people to replace the older generation. With men between the ages of 25 to 54 are declining in the labor force for reasons such as the of public assistance programs becoming more available or lower-skilled labor becoming less demanded in the market. While other economists believe that with the technological advancements, the need for an unskilled labor force is shrinking, leading to the loss in possible workers in the labor

Show More
Related

Chapter Summary Of Cocktail Party Economics

1286 Words | 6 Pages

Over the past few days I have been reading a book that I believe you would enjoy. The book is called Cocktail Party Economics and is meant to explain economics to people who have never been taught the course. One thing that separates this book from other economic books is the way the author explains the topics.

Read More

Comparing The Two Primary Mandates Of The Federal Reserve

401 Words | 2 Pages

- What are the two primary mandates of the Federal Reserve? “…so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. ”[1] The two primary mandates, sometimes referred to as the Dual Mandate, would be maximum employment and stable prices. The goal of long-term interest rates is somewhat dealt with when an attempt is made towards stable prices.

Read More

The Federal Reserve Act Of 1913: A Case Study

538 Words | 3 Pages

The Federal Reserve Act of 1913 gave the Federal Reserve the responsibility for setting monetary policies. The term refers to action taken by a central bank to influence the availability and cost of money and credit to help promote national economic goals, according the Federal Reserve website. This Act also helped to create a unified national money system and permitted mortgage loans. Mortgage loans were new at this time. Now, what is the Federal Open-Market Committee (FOMC)?

Read More

Federal Reserve Tools Essay

462 Words | 2 Pages

Week 5 Written Assignment Federal Reserve 1 Federal Reserve Tools Name Withheld University of the People BUS 2203 Instructor Joel Almanzar Week 5 Written Assignment Federal Reserve 2 In my essay this week we will explore the Federal Reserve. What monetary tool that is available to Federal Reserve is used most often, and why is it used? I will describe how expansionary activities by the FED impacts credit availability, money supply, interest rates, and security prices.

Read More

Analysis Of Zoe Thomas Article On The Federal Reserve

1750 Words | 7 Pages

The Federal Reserve bank is the central bank of all American banks. Its main job is to make sure the America economy is safe and sound. It is known as nicknames such as the “Fed” and ‘The Banks’ Bank.” For many years this “banks’ bank,” is met with animosity. In an article on the BBC by Zoe Thomas, titled “Why do many Americans mistrust the Federal Reserve?”

Read More

$ 2.00 A Day Summary

1425 Words | 6 Pages

While the welfare policy changes have helped many working poor families, they do little to account for the fact that many adults simply face too many barriers to finding and keeping a job. Although some would argue that those in extreme poverty are in that position because of their unwillingness to work, this book emphasizes that the majority of the people living on $2.00 a day are doing everything in their power to find work. Therefore, the social issue has nothing to do with laziness. The social issue is truly that the government has failed to provide a safety net for individuals who either cannot work or cannot find a job. Thus, the book calls for a revision of the 1996 welfare reforms that have lead the country to be in this

Read More

Summary Of The College Bubble

744 Words | 3 Pages

Samantha Nyborg LEAP Writing 2011-05 September 15, 2014 Critique Draft Megan McArlde is a journalist and blogger who focuses most of her writing on things like finance, government policy, and economics. In her article “The College Bubble,” a magazine article published in Newsweek on September 17, 2012, McArlde writes about how the “Mythomania about college has turned getting a degree into an American neurosis” (1). She focuses a lot on the value of getting a college education, and makes an argument that all the time and money spent on earning a degree may not be worth it in the end. McArlde uses several strategies to appeal to her reader’s, and does a great job of effectively using the Logos, Pathos, and Ethos appeals throughout her article.

Read More

Federal Reserve Act Of 1913 Research Paper

1296 Words | 6 Pages

On December 23rd, 1913 the Federal Reserve was created. Prior to this congress discussed their concerns about the banking system in the United States. Many Americans were fearful that the banking system was not stable, and that they would later worry about the liquidity of their assets. The ways the US banking system was operating was very antiquated. So they took initiative to write reforms on how the banking system can improve ie.

Read More

Essay On Federal Reserve Act 1913

1004 Words | 5 Pages

Federal Reserve Act 1913 The Federal Reserve Act of 1913 was formed the Federal Reserve System with a view to provide a safer, flexible, risk free and more stable and sound monetary and financial system to the country. The main function of the Federal Reserve in accomplishing this objective is to regulate and control various financial institutions. It achieves this goal through micro prudential regulation and monitoring of banks; holding companies and their subsidiaries; and other financial companies including non- banking financial institutions .Off -Site Monitoring in its ongoing off-site supervision of banks and holding companies, the Federal Reserve uses automated systems to, actively identify the institutions with poor or weakened financial

Read More

Federal Reserve Outlook Paper

722 Words | 3 Pages

Federal Reserve Outlook for Economy The 2017 economy seems to be trending in the right direction according to an article by CNN (Long, 2017). The economy of America has been fighting its way to recovery since 2008. The Great Recession led to a financial crisis that the country has not seen since the Great Depression that began in 1929. However, the economy seems to finally be back on track.

Read More

Federal Reserve Outline

836 Words | 4 Pages

I. Who is the Federal Reserve? Who, what, why, where, and when? a. The Federal Reserve System meets the needs of a public as an independent entity within the government. The Federal Reserve comes from the Congress of the United States; however, it is not owned by anyone and is not a private, profit-making institution because its monetary policy decisions do not have to be approved by the President or anyone else in the branches of the government. b.

Read More

Pros And Cons Of Rural Iowa And Urban Iowa

765 Words | 4 Pages

Iowa’s population, as a whole, is aging as young people 18 to early 30s move away, leaving elderly citizens who consume government and medical services while producing less. Aging workers create a hole in the job market, which means more and more jobs vanish from Iowa. This also creates another disadvantage for Iowa: without young people to have children, the population of small town Iowa will continue to age until those towns disappear completely without the businesses, schools, and people to sustain

Read More

Why I Want To Study Economics Essay

734 Words | 3 Pages

Learning history is always important as it reveals our mistakes and grants us the opportunity to learn from our mistakes. My understanding of the history of economics will serve as a useful base-knowledge as I continue on my studies in economics. In my third and fourth year of university, I will broaden my field of study to an international level. As I have mentioned previously, I plan to learn international economics through classes such as International Trade or International Finance. Moreover, I will take business-related classes funded by corporates to get familiarized with industries in Japan and the real-world problems that they face.

Read More

The Problems Of Unemployment As A Social Problem In Society

2016 Words | 9 Pages

Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Adults are more likely to be unemployed because of physical and mental health challenges. Adults also tend to be unemployed because of cyclical, structural and frictional unemployment. Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money. Why are youth more likely to be unemployed than adults, and is unemployment among youth becoming a social problem?

Read More

Argumentative Essay On Unemployment

798 Words | 4 Pages

Unemployment happens when individuals are without work and effectively looking for work.[1] The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.[2] According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012 There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.

Read More

More about Federal Reserve System At The Convocation Department Of Economics By Stanley Fischer

Related Topics

Open Document