The Fed is concerned principally with the availability of money and credit for the entire economy.
Explanation:
- The Federal Reserve System is the central bank of the United States.
- The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.
- The Fed is concerned principally with the availability of money and credit for the entire economy. It does not issue Treasury securities.
- It does not have an obligation to meet the financial needs of the federal government. Its responsibility is to provide a stable monetary framework for the economy.
- The goals of monetary policy are to promote maximum employment, stable prices and moderate long-term interest rates.
- By implementing effective monetary policy, the Fed can maintain stable prices, thereby supporting conditions for long-term economic growth and maximum employment.
