Griffin Malone, Chapter 10, Question 6

      In chapter 10 of Naked Economics Charles Wheelan explains the Federal Reserve's responsibilities monitoring large amounts of money and being the "credit tap" for our economy. The Federal Reserve has a large responsibility to the country and our economy. The Federal Reserve has to keep our economy working to its full potential and the maximum efficiency. They have to feed enough credit to the economy to create jobs. The Reserve must create small recessions to limit inflation in the economy. The Reserve stimulates and controls the economy through the banks and credit. The reserve stimulates the economy by lowering the cost to borrow money from banks.