Question

A responsibility the Federal Reserve has is to

Answer 1

The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks,

Answer 2

The responsibility of the Federal Reserve is to conduct the monetary policy in the United States, with the aim of ensuring economic growth, growing employment levels and price stability. This latter price objective is the most important one pursued by the Federal Reserve, as the have to keep under control the US dollar's money supply in order to prevent inflationary and deflationary tendencies that produce great damage in an economy.