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Federal reserve
The Federal Reserve (the FED)
Federal Reserve
Federal trade commission
1970s
it kept the US money supply stable
The policy was called "lend lease" and provided money to enable the US to supply goods to the British in the early part of the war.
Not even close to stable. We are currently printing money with nothing to back it up. This will cause serious inflation and devaluing of the dollar. Hardly stable
Federal reserve
The Federal Reserve
The Federal Reserve (the FED)
Federal Reserve
Federal trade commission
1970s
About 2-3% of the total money supply exists in physical currency.
One of the two (according to the Keynesian) reason that can create high inflation is attributed to the increased money supply where "too much money chasing too few goods" Therefore, to reduce inflation, the Federal reserve would want to DECREASE the money supply. However, the increase in money supply can create stimulus demand and depreciate the exchange rate of the US Dollars which are considered (although questionable) beneficial to the US economy.
The Federal Reserve System, a quasi-governmental body, is the central bank that controls the supply of money and/or currency in circulation. The actual production of currencies is by the Department of the Treasury, which operates the US Mints and the Bureau of Engraving and Printing.