The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.
The 2009 Newsweek 50 Most Powerful People list has central bankers from the U.S. Federal Reserve, the European Central Bank, and the Bank of Japan listed at 4th, 5th, and 6th respectively.
Explain why these three men are thought to be more powerful than most countries’ leaders.
Illustrate the far-reaching effects of monetary policy by choosing one action the U.S. Federal Reserve (the Fed) has taken in the past 10 years and explaining its effects.
What action did the Fed take? When did this happen (month/year)?
How did this action affect interest rates and exchange rates?
How were banks and businesses affected?
What was the impact on international trade?
Do you believe U.S. monetary policy should follow Keynesianism or Monetarism? Explain your reasoning.
Be sure to cite all references using APA style.