Mike Bryan, vice president and senior economist at the Federal Reserve Bank of Atlanta, gives an economist's view of the role of the Federal Reserve System in setting monetary policy. He describes the tools of monetary policy and highlights the role that the banking system plays.
Section 1: Introduction
Section 2: Two components of monetary policy
Section 3: Three basic tools
Section 4: How can monetary policy affect the economy?
Section 5: Why monetary policy is important for everybody
Section 6: Lender of last resort
