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The Fed Watchers Handbook Anthony Pennings

The Fed Watchers Handbook

Anthony Pennings

Published
ISBN :
Kindle Edition
46 pages
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 About the Book 

Serious Play. Every day, some US$3.5 trillion dollars flow through the Federal Reserves digital networks. This book describes the FOMC Simulation, a role-playing exercise where the participants develop expertise in economics and monetary policy. ItMoreSerious Play. Every day, some US$3.5 trillion dollars flow through the Federal Reserves digital networks. This book describes the FOMC Simulation, a role-playing exercise where the participants develop expertise in economics and monetary policy. It first provides an introduction to money and the fractional reserve banking system. It then introduces the Feds FOMC and the key role of their trading operations on Wall Street in managing the nations money supply. It also describes the actual logistics of the simulation, including taking on the alter ego of a Fed Bank President. Finally, a chapter has been added that describes the relevance of Fed Watching to digital media and other firms.