Interest Rates

Monetary Policy: How Well Does it Work? (2012)

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Federal Reserve Chairman Paul Volker pushed us through two deep recessions using monetary policy and increased interest rates to combat inflation in the 1980s. His successor Alan Greenspan used a different tactic in the early 1990s and 2000s: flood the market with liquidity to prevent freezing.

Grade Level: 
High
Length: 
00:29
Monetary Policy: How Well Does it Work?

Stagflation: Why Couldn't We Beat It? (2012)

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1970s America saw a new kind of inflation, based on supply and not demand: "stagflation," caused by Arab oil embargoes and worldwide crop failures. In 1973 President Ford and Fed Chairman Arthur Burns tried to control inflation by choking the money supply. They failed. In the 1990s the U.S.

Grade Level: 
High
Length: 
00:29
Stagflation: Why Couldn't We Beat It?

The Federal Reserve: Does Money Matter? (2012)

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The Federal Reserve was originally created in 1913 as an emergency lender to banks--a sort of bank of last resort. The Banking Act of 1935 and the Fed Accord of 1951 broadened the powers of the Fed, widening the range of options and tools it could use to manage the economy.

Grade Level: 
High
Length: 
00:28
The Federal Reserve: Does Money Matter?