![[Marriner S. Eccles Federal Reserve Board Building]](https://stage8stockinvesto31744.zapwp.com/q:i/r:0/wp:0/w:1/u:http://www.stockinvestor.com/wp-content/uploads/20131010-Federal-Reserve-Building-Fed.jpg)
Janet Yellen’s nomination as Fed Chair offers an opportunity to remind us all that the Fed manipulates market expectations. A column in Slate offers 20 questions (and answers) to advise us what the U.S. Federal Reserve Bank is and why its chair is important. Questions include: what is a central bank, what are reserves and what’s the rationale for quantitative easing.




