Federal Reserve System

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The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. 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 banks and other important financial 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, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.[1]

Contents

Quantitative Easing

Quantitative easing (QE) is a monetary policy used by the Fed to stimulate the US economy by buying specified amounts of financial assets. A number of QE rounds have been attempted.

QE1
The first round of quantitative easing occurred in late November 2008 when the Fed started buying billions in mortgage-backed securities. These purchases were halted for a short time while the economy appeared to recover, but were subsequently started again.
QE2
By November 2010 the Fed started the second round of QE by buying Treasury securities.
QE3
The third round of quantitative easing, commonly known as QE3, was announced in September 2012. QE3 consists of open-ended bond purchasing mortgage-backed securities. As of December 2012 the amount of open-ended purchases was increased to $85 billion per month.

Youtube Series


Quotes

"The one aim of these financiers is world control by the creation of inextinguishable debt." - Henry Ford

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References

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