Question

The national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the

Answer 1

Answer:

Green book.

Explanation:

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

The following are functions of the Federal Reserve;

1. Maintaining federal government checking accounts and gold.

2. Maintaining and circulating currency.

3. Being the lender of last resort for banks.

The Federal Reserve System comprises of twelve (12) Federal Reserve Bank regionally across the United States of America and seven (7) board of governors.

A green book can be defined as a book used by the Federal Reserve Board of Governors to project economic indices and factors with respect to the economy of the United States of America. The Federal Reserve Board of Governors produces it before each meeting organized by the Federal Open Market Committee (FOMC).

Hence, the national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the green book.