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Is the federal reserve a private organization and if so what is there ultimate intention?
Wiki User
∙ 13y ago
According to the board of governors of the Federal Reserve, "It is not 'owned' by anyone and is 'not a private, profit-making institution'. Instead, it is an independent entity within the US government, having both public purposes and private aspects.
It's duties (if that is what you mean by 'intention') are as follows:
- Conducting the nation's monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
- Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system, and protect the credit rights of consumers.
- Maintaining stability of the financial system and containing systemic risk that may arise in financial markets.
- Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.
Wikipedia has a decent answer to this question if you are interested.
Wiki User
∙ 13y ago
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