Introduction
The Federal Reserve acts as the guardian of the United States economy. It watches over the largest economy in the world. As a bank of the United States government, the Federal Reserve is authorized to regulate the financial institutions in the country. It dictates the monetary and economic policies, which have profound impacts on citizens around the country. Financial crises are essentially caused by the imprudent lending and borrowing hence it is the role of the Federal Reserve to ensure that the economy returns to normalcy. The present paper explores the role of the Federal Reserve in the economy Continue reading...