MacroEconomics Current Events Article

Prepare an entry of a current events article related to the Federal Reserve and its relationship to banks and thrifts.The entry of the news article should include: The title of the article, the author of the article, the date of the article, and the publication (i.e., the Wall Street Journal, Business Week, etc.). The entry should describe the article, indicate why you selected it (why the article was of interest to you), and discuss its relevance to a specific topic in chapter 14.*As for the last part of the instructions, this is what chapter 14 had covered: After reading and studying Chapter 14, students will be able to:Identify and explain the functions of money
List and describe the components of the U.S. money supply
Describe what “backs” the money supply, making us willing to accept it as payment
Discuss the makeup of the Federal Reserve and its relationship to banks and thrifts
Identify the functions and responsibilities of the Federal Reserve and explain why Fed independence is important
Identify and explain the main factors that contributed to the financial crisis of 2007-2008
Discuss the actions of the U.S. Treasury and the Federal Reserve that helped keep the banking and financial crisis of 2007-2008 from worsening
Identify the main subsets of the financial services industry in the United States and provde examples of some firms in each category

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