The Federal Reserve is one of the most important and least widely understood tools that the United States has to ensure a strong economy for all. The Center for American Progress’ series on monetary policy is about broadening understanding and discussion of how the Fed can best work for all Americans.
The Traditional Explanation for How Monetary Policy Affects the Economy
Getting up to speed on how monetary policy affects the economy is not hard, and it is important to understand where economists are and how they got here.
