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    Question ID:   18869         Current Version: 2
Question: What is the Federal Reserve's primary job (that is, its principal role of function)?
Category: Education > Higher Education (College +)
Keywords: Federal Reserve, primary job, principal role, function
Type: what
Rating:(0 ratings)    Views: 122    Discussions: 0   In Watch Lists: 2  

 
    Answer:
Today, the Federal Reserve's responsibilities fall into four general areas:
  • conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices
  • supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
  • maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
  • providing certain financial services to the U.S. government, to the public, to financial institutions, and to foreign official institutions, including playing a major role in operating the nation's payments systems

Source:The Federal Reserve Board

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