Describe the Federal Reserve System, including the organization of the Fed. Exp

Describe the Federal Reserve System, including the organization of the Fed. Explain the different roles and functions of the Fed. In your response, explain your opinion of the most essential function of the Fed.
Next, explain the main goals of the Fed. Explain what monetary policy is and include the main tools that the Fed uses when implementing monetary policy. Then, explain if you think it is important that we have the Fed and if they are effective and why.
Be sure to explain and include the following terms in your response: Fed’s Trading Desk, discount rate, Board of Governors, and Federal Open Market Committee.
In another paragraph, explain in detail, step-by-step, how the Fed creates and destroys money (expands or contracts the monetary supply).
Lastly, you will have to conduct some research. Although figure 15-6 shows the 12 districts of The Federal Reserve System, there are errors in this map. Instead, go to https://www.federalreserve.gov/ Go to the tab “About the Fed” and locate the 12 Federal Reserve Banks/ districts map. Explain which Federal Reserve Bank / district that Delaware belongs to. Additionally, explain who the current chairman of the Fed is and who he was appointed by.
Be sure to include a reference list in APA format at the end of this essay.

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