Managing the Dollar
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The seven governors of the Federal Reserve Board play a powerful role in guiding the nation's economy. Their decisions directly affect the amount of money in circulation, the level of interest rates, and the functioning of the banking system and credit markets. The impact of their decisions can be measured in the success or failure of thousands of businesses, in fluctuations of prices and cost, in changes in family income and wealth, and in the rise and fall of stocks and bonds.
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