Visit the Federal Reserve web site at www.federalreserve.gov.
Complete the following:
1. Read The Federal Reserve Act of 1913.
2. What are the two primary mandates of the Federal Reserve?
3. Under what conditions does the Federal Reserve have the authority to purchase private enterprise?
4. Do you believe the Fed overstepped it’s authority during the ’07-’09 financial crisis by bailing out the banks and automotive industries?