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 |
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Answer:
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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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What is the Federal Reserve's primary job (that is, its principal role of function)?
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