The Key Objectives for the Federal Reserve
Thursday, 21 January 2021
Also known as the Fed, the Federal Reserve was established in 1913 to act as the central banking system for the United States after a series of financial crises at the beginning of the century. It is an independent organization that reports to Congress for oversight, and it’s three key objectives are to stabilize prices, maximize employment, and moderate inflation. Over time, the Fed’s powers and influence have increased in response to crises, including the current pandemic. In this episode, Jay Pluimer recaps recent actions by the Fed, discusses what we can expect in the current environment with the Biden-Harris administration, and explains how the Fed continues to support the economic recovery today.
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