The Federal reserve will be changing hands when Ben Bernake is to take over for Allen Greenspan. The Federal Reserve is a crucial part of our economy. It can take us out of debt, or it could cause our country to sink into even greater debt. The Federal Reserve is known as the United States's central bank.

"To achieve its missions, the Fed has two main tools: It regulates the money supply and increases or decreases short-term interest rates. More money plus lower interest rates are the tools of an "accommodative" Fed, a Fed trying to spark economic growth. If the Fed decreases the nation's money supply and raises interest rates, it is tightening, trying to slow the economy and stave off inflation."