How the Federal Reserve Works: Functions and Structure
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
The Federal Reserve is the most powerful financial institution in the United States. Chapter 4 explains how it is organized, how it controls the money supply, and what it did during the 2008 credit crisis. If you want to understand why interest rates change, you need to understand the Fed.