UM Political Science Institutional Set up Of the Federal Reserve Essay

Submit an essay that addresses the following questions: Describe the institutional setup of the Federal Reserve and the role the politics plays in monetary policy. What is meant by the term “dual mandate” and how does the dual mandate impact the Fed’s decisions with regard to guiding the economy? What tools does the Fed use to guide the economy? What role did Bernanke, as chairman of the Federal Reserve, play in the economic recovery? Why were his actions questioned by conservatives? By liberals?”The Villain”(The Atlantic)(2012, April)