This organization was designed during a secret meeting on Jekyll Island held between Nelson Aldrichand leading businessmen. In 2007, this organization introduced a temporary program called the TermAuction Facility that released short term funds to anonymous bidders. This organization's policy is set byits namesake Open Market Committee that includes the Board of Governors,
This organization was designed during a secret meeting on Jekyll Island held between Nelson Aldrichand leading businessmen. In 2007, this organization introduced a temporary program called the TermAuction Facility that released short term funds to anonymous bidders. This organization's policy is set byits namesake Open Market Committee that includes the Board of Governors, the governor of its (*) NewYork branch, and 4 of its remaining 11 branch governors. This institution uses the discount window and, under itsfirst female leader, has introduced quantitative easing to help achieve its dual-mandate of maximum employmentand stable prices. For 10 points, name this Janet Yellen-led U.S. central bank that is independent from the Treasury.