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What does the Federal Reserve do? Theoretically, it has a dual mandate of keeping inflation low and employment high, with the goal of promoting the “effective operation of the U.S. economy”.
It’s “about” page , describing that goal, what it’s supposed to be doing, and how it theoretically does those things, provides that the Fed: conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and […]