February 2011 Archives

Easing the Economic Slowdown

The Federal Open Market Committee (FOMC) is the Federal Reserve's principal decision-making body with regard to monetary policy, and its duty is to make key decisions about interest rates and the growth of the United States money supply.

Recently, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, made news when he said that the FOMC's plan to buy $600 billion of long-term treasuries this year (an action known as quantitative easing) would only have a modest effect on the economy.

On February 3, join Narayana Kocherlakota as he shares his viewpoints and walks you through the role of the FOMC in current macroeconomic conditions, how those conditions affect the U.S. labor market, and his forecast for economic recovery. Speaker

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