The Federal Reserve Now Believes It’s In the Global Warming Business!

[Reagan]

Maybe it’s time it reflects on its purpose!   From the article:  

"The Federal Reserve System is the central bank of the United States.  It performs five general functions to promote the effective operation of  the U.S. economy and, more generally, the public interest. The Federal Reserve:

• conducts the nation’s monetary policy to promote maximum  employment, stable prices, and moderate long-term interest rates in  the U.S. economy;
• promotes the stability of the financial system and seeks to  minimize and contain systemic risks through active monitoring and  engagement in the U.S. and abroad;
• promotes the safety and soundness of individual financial  institutions and monitors their impact on the financial system as a  whole;
• 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
• 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."

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