Relevant:
- Monetary Policy, Explained
- World's Most Prestigious Financial Agency -- Called the "Central Banks' Central Bank" -- Slams U.S. Economic Policy
- The Fed grows worried its loose policy threatens US financial stability
- Fed Should Survey Overall Financial System
- David Stockman -- We Are Now Entering The Terminal Phase Of The Global Financial System That Will End In Total Collapse
2012-10-02 — ritholtz.com
``As the nation's central bank, the Federal Reserve is charged with promoting a healthy economy--broadly speaking, an economy with low unemployment, low and stable inflation, and a financial system that meets the economy's needs for credit and other services and that is not itself a source of instability. We pursue these goals through a variety of means. Together with other federal supervisory agencies, we oversee banks and other financial institutions. We monitor the financial system as a whole for possible risks to its stability. We encourage financial and economic literacy, promote equal access to credit, and advance local economic development by working with communities, nonprofit organizations, and others around the country. We also provide some basic services to the financial sector--for example, by processing payments and distributing currency and coin to banks.''
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