Role played by the Federal Reserve Bank in the U.S

  In a 1-page paper highlight the role played by the Federal Reserve Bank in the U.S. economy. What is the role of the Board of Governors and the Federal Open Market Committee? How does it impact the way all of the banks run? Give concrete examples from the text, lecture and other readings. Discuss your personal opinion in how it is governed. Do you agree or disagree? Why or why not?