To achieve its mandated objectives, the FOMC must influence the course of the U.S. economy, helping it to grow rapidly enough to make full use of available resources but not so rapidly as to stoke inflation. How, specifically, does the Committee exert this influence? The person in the street might tell you that the Fed "controls interest rates." That statement is not literally accurate.
They can be seen as the most tangible symbol of European integration. Moreover, they have brought many advantages, benefiting not only euro area citizens but also the citizens of the other EU Member States, including Bulgaria. For example, Bulgarian citizens travelling within the euro area no longer need to change money when crossing from one euro area country to another.