... it isn't just about fighting inflation or monitoring the financial system. It's about trying to help ordinary households get back on their feet and about creating a labor market where people can feel secure and work and get ahead.

Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

Faith is the black person's federal reserve system.

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.

The Federal Reserve is incapable of accomplishing its stated objectives.