where does the federal reserve get its authority
Federal Reserve System The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates.[11] The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.[12] Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.[13] The Fed conducts research into the economy and provides numerous publications, such as the Beige Book and the FRED database.
Dividend yield Its reciprocal is the Price/Dividend ratio.
Government of Australia The Government of the Commonwealth of Australia (also referred to as the Australian Government, the Commonwealth Government, the Federal Government, and formally Her Majesty's Government) is the government of the Commonwealth of Australia, a federal parliamentary constitutional monarchy.
Federal Reserve Board of Governors The Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.[3] It also supervises and regulates the operations of the Federal Reserve Banks, and the U.S. banking system in general.