07 12 2019 | by Victor Xing | Capital Markets
02 27 2019 | by Victor Xing | Economics
Common catalyst for progressive and conservative populism
12 09 2018 | by Victor Xing | Capital Markets
Kekselias performance review: 1.31% YTD total return
10 14 2018 | by Victor Xing | Capital Markets
Roundabout path in the snap-back of long-term bond yields
09 23 2018 | by Victor Xing | Central Banks
Calm before the storm as quantitative tightening looms
05 20 2018 | by Victor Xing | Central Banks
Alternative narrative on the natural rate of interest
01 07 2018 | by Victor Xing | Capital Markets
Flatter yield curve a symptom of ineffective tightening
12 04 2017 | by Victor Xing | Central Banks
Bond market term premium and wolves of Yellowstone
10 17 2017 | by Victor Xing | Capital Markets
How we learned to stop worrying and love the “fake markets”
09 20 2017 | by Victor Xing | Central Banks
QE’s distributional effects a rising political liability
09 23 2015 | by Victor Xing | Central Banks
What is the Federal Reserve and what does it do?
The Federal Reserve is responsible for formulating and implementing U.S. monetary policyto meet its congressional mandated objectives (a.k.a the dual mandate):
- Price stability (inflation mandate)
- Maximum employment (employment mandate)
In addition to its monetary objectives, the FED is also tasked with regulatory responsibilities, including (but not limited to) implementing , Dodd-Frank stress tests, and supervising banks and other important financial institutions.
Finally, the FED also provide financial services to domestic and foreign government agencies (for example, New York Fed’s gold custody service), as well as overseeing the .
Many people are familiar with the FED’s monetary policy responsibilities, including the FOMC meetings, Federal Funds Rate decisions, Fed Chair’s press conference, as well as various unconventional policies.
As part of the Federal Reserve System, the 12 regionaljointly implement FED monetary policies set forth by the FOMC.
If you take a closer look at the below sample U.S. banknote, the “B2” on the left indicates that it is issued by the New York Fed (FED 2nd district) and backed by its assets.
Next article09 22 2015 | by Victor Xing | Central Banks