Quote:
Originally Posted by Jimjam
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How do they control the value of the dollar? How are they guided by the market? Sounds a but chicken egg.
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By controlling interest rates, and the printing of money, as well as various other measures. Members of the reserve are economists who judge the economy and recommend actions based on its showing. For example over the last 2 years they lowered the rates to 0, and started printing large amounts of money, as well as certain measures of putting cash flow into the stock market. Think buying up bonds and other things like that. I'm not an economist either, but i have a general understanding of what they do
01-08-2021, 06:13 PM
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