The United States’ monetary policy is largely determined by the Federal Reserve Bank (Fed). For this discussion, you will cordially debate the necessity of the Fed.
For your initial post, address the following:
How does the Fed control the money supply? Be sure to explain how they can expand or restrict the money supply.
How does the banking system create money?
List two or three pros and cons of the Federal Reserve Bank.
What is your conclusion? Is the Fed necessary? Support your opinion.
Your initial response should be a minimum of 200 words. One scholarly reference