What role does the Federal Reserve Chairman play in setting tax policy?
94408
None.\nThe Federal Reserve bank handles monetary policy, such as interest rates.\nTax policy is a fiscal policy, handled by the Federal government.\nHowever, the Fed Chair does meet with Congress periodically and discuss his views of the economy, and Congress will many times alter tax policies accordingly.
859182
I believe it is a quasi-public institution.\n\nIt is governed by a Board of Governors.  Each Governor heads one of the regional district banks of the Federal Reserve.\n\nI would think it would be a great place to work, if you can pass the background check.
428706
Fiscal Policy: eg.Changing Business/Personal Tax - lowering tax will increase investment/spending, while increasing taxes will reduce spending/investment. Using Fiscal policy has a direct affect on a companies or individuals 'real' income, rather than simply effecting the cost or borrowing for capital (new premises or mortgages/loans/credit).\n\nHaving your faith in Fiscal or Monetary (r of i) Policy on the whole is down to you as an individual but in reality a fully functioning Government uses a mix of Fiscal, Monetary and Exchange Rate policy to maintain a stable (avoiding boom/bust) economy.\n\nAnother advantage to Fiscal Policy is that it can be used to remedy the imbalance of wealth - rich/poor divide!\n\nBoom/Bust Cycle - this is created from the over-heating of the economy ......... people spending too much and then not enough. So, with any economic policy (as a whole), you are looking to maintain some level of control over peoples spending. Whether it's by taking money away from them (tax), persuading them to save (tax free savings, pension) or by increasing the r of i (increasing the cost of borrowing) etc, it doesn't really matter so long as you stick to your long term plans/commitments and don't look for short-term popularity and give in to the populous - like the Conservative Gov of the 80's-90's.\n\nIn my opinion, fiscal policy might be unpopular with some but it provides a greater economic stabiliy that cannot be obtained from changing an economies r of i (base-rate).\n\nNB. Increasing prices wether by fiscal or particularly monetary policy will create inflation and increase prices (the cost of living), so all changes must be gentle, well informed and clear!\n\nHope this helps :O)
825059
It's more of a quasi-goverment institution than a private enterprise. There are elemernts of both private and public ownership which is part of the confusion.\n\nAt the top of the Federal Reserve system is the Board of Governors. These members are appointed by the president and confirmed by congress. There is no structure or mechanism for private ownership of the Board of Governors.\n\nThe 12 branches are organized like corporations where the member banks must purchase shares. Member banks can vote on 6 of the 9 branch board members.\n\nThe Board of Governors is responsible for monetary policy and oversight of the running of the 12 branches.\n\nThe branches are in charge of day-to-day operations as directed by the board.
313562
the answer to this is "probably" Mortgage rates are helped by a friendly Fed and the Federal Reserve is less likely to meddle in politics by doing any changing during an election cycle.  Better yet are the chances of no rate changes, however, due to the negative bend the Fed has been on for almost two years now, even a neutral stance would be great for all of us!
110301
Fed Reserve, but really the major corporations.  They control everything with their bucks.
50422
Do you mean that if you didn't not pay your fed tax throughout the year?   \nIf you make a taxable wage at the end of the year, then you will have to pay the taxes you owe.
1164807
The failing of democracy was wrought by a hand full of global masters and the Federal Reserve System. This happened in 1913 as our government let a few banks with few masters control our money. He who makes the money makes the rules. Our new form of govenment will be fascism as we now see taking place. As you`ll see towards the bottom of my answer JFK tried to restore the country making it`s own money, but you may know what price he paid for the idea.\n\n In describing the FED, McFadden remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932: \n\n"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the misadministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".\n\nA federal Reserve Note. \n\nThe swindle of the system is simple. The Federal Reserve Bank hires the US Treasury to print up some money. The Federal Reserve only actually pays the treasury for the cost of the printing, they do NOT pay $1 for each 1$ printed. But the Federal Reserve turns around and loans out that money (or credit line) to banks at full face value, those banks which have exhausted their deposits then loan that Federal Reserve fiat money to you, and you must repay it in the full dollar value (plus interest) in work product, even though the Federal Reserve printed that money for pennies, or created it out of thin air in a computer.\n\nAs the Federal Reserve overprints more money, the money supply inflates, and too much money starts chasing too few goods and services, which means prices go up. But contrary to the charade put on by the Federal Reserve, inflation doesn't just come and go due to some arcane sorcery. The Federal Reserve can halt inflation any time it wants to by simply shutting down those printing presses. It therefore follows that both inflation and recession are fully under the control of the Federal Reserve.\n\nOver time, that excess of printing has destroyed the value of that dollar you think you have. If you want to know by just how much, go out and try to purchase 371.25 grains of silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious, such as the 1985 devaluation (done to halt the trade imbalance) which triggered the Japanese real-estate grab in this country.\n\nMany politicians have attempted to reverse this process. John F. Kennedy issued an Executive Order 11110, requiring the Treasury Department to start printing and issuing silver certificates for the silver then remaining in the US Treasury. \n\nKennedy decided that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. This was the reason he signed Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System.
233282
He's a democrat. He will raise taxes on the rich.
766521
It is impossible to disagree with this analysis.  Just look at the economy under Carter in the 1970s.  When the top tax rate was at 70%, we had rampant inflation, high interest rates, and record unemployment.  All of this was a direct result of the out-of-control tax hike.  Businesses, having to pay exhorbitant taxes, passed this expense on to the consumer causing high inflation and thus lowering the value of the dollar.  The fed raised interest rates to slow the inflation, causing home ownership to be out of reach for more Americans.  Businesses could not afford to hire more employees because the money that they would have paid them with was going to the government in taxes.
12723
The Fed's reserve requirement does not actually create money. Moreover, if you accept your arguments, the Fed is actually limiting the creation of money by requiring banks to keep more money in reserve than they otherwise would. The key problem with your argument is that the Constitution gives Congress the power to "coin money," which lending does not do. Lending allows people to use other people's money for a time. The money they are borrowing was coined by act of Congress, and the loan is repaid using money coined by act of Congress. The only money "created" is on paper.\n\nEdit: First, "to coin money" has a clear, physical meaning. There is no need to expand it into the more general sense of "to create money." Second, the framers of the Constitution clearly did not mean to eliminate the loan system which had been developing in America since long before even the Revolution, much less the Constitution, and continued even more strongly afterward. Third, the Federal Reserve Bank was created by act of Congress, and Congress observes and directs its governance, so the "creation of money" because of the Fed is through the direction of Congress, much like the physical coinage of money is not actually performed by Congress, but directed by Congress through the Bureau of Engraving and Printing. Finally, the "money" created by lending is not actually usable money. When person A lends $100,000 to person B, person A cannot use that money and has no money, only a promise of money in the future. $100,000 is still all the money that exists from the transaction.
519789
it's the feds way of compensating for some economic thinga ma gig...\n\nIt is the job of the Federal Reserve to keep the economy going at a sustainable healthy rate and when they believe it could be moving too fast, then their tool that they use is to raise interest rates,"
873488
Article I of the US Constitution gives Congress the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."\n\nThey oversee the treasury and decide how much money to print with the assistance of the US Treasury Department.  This is done based upon economic forecasts, the value of the dollar verses other currencies and the need for the money.  They may want to print more money to create inflation (which lowers unemployment) or limit the money to create savings.\n\nThey also print money to compensate for the money that is being constantly taken out of circulation (you trade in a ripped dollar at a bank and they destroy it and print a new one to replace it).\n\nThe Federal Bank handle fiscal policy (such as interest rates and borrowing guidelines), not monetary policy (how much to actually spend).
820590
The President of The United States\n\nFirst, is the Federal Reserve Chairman?
361580
First, check out the Federal Trade Commission's website for information.  If that does not work, Google the current President's predecessors:  President Bill Clinton Trade policy.  The Library of Congress' website might have some information.  To look at the Library of Congress, go to thomas.loc.gov
678714
The Fed actually sets a target rate, the open market dictates the "true" rate, but it is usually very close to the target rate.  The Fed Funds rate is the rate banks pay each other when they borrow excess capital to meet reserve requirements, or to invest.  Basically, when rates go up, the people who get that interest are lenders, and they are usually banks.
1112896
The Federal Reserve sets interest rates and controls the money supply; they control how much money gets printed, but don't actually do the printing.  That's done by the US Bureau of Engraving and Printing, a division of the Treasury Depart.\n\nIf you don't think the FR shouldn't do its assigned jobs, who should?  Someone has to make the decisions, in the US it's the FR, in other countries it's their central bank, which performs many of the same functions as the US FR.\n\nWhether the current board of the FR is doing a good job is a completely different thing.  You may not like what they're doing, and you can express your opinion to your senators & the president (he nominates the board members, they approve), and try to get people in there more in tune with your "vision" of how the economy should be run.  But there will still be a Federal Reserve Board.