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The Federal Reserve Didn't Always Communicate Its Actions to the Public

question 19

Essay

The Federal Reserve didn't always communicate its actions to the public like it does today. As recently as the mid-1990s, secrecy ruled. Why do you think the Fed and most central banks now are more public about their actions and the reasons for them?


Definitions:

Commissioned

Refers to the act of officially appointing or hiring someone to perform a specific task or create a specific piece of work.

Rendition

The process of interpreting or performing a piece of music or art, or the act of surrendering a person from one jurisdiction to another.

David

A biblical figure renowned for defeating Goliath and eventually becoming the King of Israel.

Episode

A single event or group of events within a larger series, often used in the context of storytelling in television, literature, or history.

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