Who is the current Chairman of the Federal Reserve? What is he doing to boost the financial market and the economy? Can he help revive the housing market? Did the REFI (Mortgage Refinancing) Boom help the economic recovery? Let's find out what the Federal Reserve (Fed) is all about. What is FOMC doing? What is the current Federal Funds Rate? How does the Fed implement monetary policy to manage the economy? Is the Fed currently using Expansionary Monetary Policy? Why? Why Not?