The Federal Reserve Act's policy is to consider the American economy above all official decisions. Its other goals are said to include maintaining balance in exchange rates, addressing unemployment problems and most importantly stabilizing the economy. A system of reserve banks was seen as an essential element to building trust in so powerful an institution, one that would have enormous influence over our economic lives. Weaknesses of fiscal policy (6) 1: feedback effect 2: imperfect control of the money supply 3: cyclical asymmetry 4: changes … Bring the expansion of societal responsibilities and the globalization of markets into the discussion. The Federal Reserve System (also known as "the Fed") has faced various criticisms since it was authorized in 1913. ... As per the rating criteria, the financial strengths and weaknesses of each entity in comparison to its competitive group are evaluated. ... strengths of monetary policy. The report contains a detailed SWOT analysis, information on the company’s key employees, key competitors and major products and services. More recent prominent critics include former Congressman Ron Paul. “The Federal Reserve's Dual Mandate.” Accessed August 13, 2020. Nobel laureate economist Milton Friedman and his fellow monetarist Anna Schwartz criticized the Fed's response to the Wall Street Crash of 1929 arguing that it greatly exacerbated the Great Depression. It was also Paul Warburg who suggested one strength of the Reserve System lies in one of its weaknesses: protection against the dangers of an autocratic central administration. The Federal Reserve System - Strategic SWOT Analysis Review - provides a comprehensive insight into the company’s history, corporate strategy, business structure and operations. Federal Reserve Bank of Chicago. Board of Governors consist of. The monetary policy is the act of regulating the money supply by the Federal Reserve Board of Governors, currently headed by Alan Greenspan. For years, the Federal Reserve was the second or third most secret institution in Washington, after the Supreme Court and possibly the National Security Council. In the United States, the Federal Reserve System which was established on December 23, 1913 is the agency which executes monetary policy which can either be expansionary or contractionary. Federal Reserve System was created by the. Member banks own the stock issued by the Federal Reserve Banks. The Sunshine Act of … “Independence.” Accessed August 13, … European Central Bank. Evaluate each system from a modern perspective with special attention to the strengths and weaknesses inherent in each system to influence macroeconomic factors in the current economic environment. 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