The Federal Reserve or simply the Fed is the central bank of the United States. It is the most powerful institution in the United States and one of the most powerful institutions in the world. It performs five functions: (1) it handles the nation’s monetary policy to promote maximum employment, stable prices, and the moderation of long-term interest rates in the economy (2) it promotes the safety and soundness of individual financial institutions (3) it fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and (4) it promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations. I’m Stewart Brown, a licensed Mortgage Loan Originator in Palm Springs, California here to simply topics in Real Estate and Mortgage Lending. Please, like, share, follow and subscribe!
