Ben Bernanke – Federal Reserve – There is probably no agency or government department at the State or Federal level that has more effect on our daily lives than The Federal Reserve Bank which is responsible for setting Federal monetary policy.
Monetary policy is set by the Federal Reserve Bank in several ways:
- The Fed increases and decreases interest rates
- The Fed also increases or decreases the money supply
Currently the Chairman of the Federal Reserve Bank is Ben Bernanke and he oversees the Federal Open Market Committee which is the division of Federal Reserve Bank that sets monetary policy. Currently the Federal Reserve Bank’s monetary policy is focused on lowering interest rates and expanding the money supply.
A short explanation is in order here. Ben Bernanke. Our conclusion is that while real estate prices are currently going up there appears to be a ceiling that will be determined on any increase in mortgage interest rates.
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