There are few things that are more frustrating for the American people during a poor economy then to learn that there are government programs and plans that were put into place in order to be able to help the people but instead they have done little but to cause problems and cause there to be higher levels of debt for the people.
This is because of the different issues that were concerned.
Basically the Federal Reserve System is known as the Fed and is the central banking system of the United States.
The overall creation was supposed to be to help the federal banking system as there were supposed to be less problems with the financial security of the nation based upon these ideas.
However the interests of the Federal Reserve seem to be more intent on the banks being able to make profits than on the idea of the American people having financial security and be out of debt.
According to the Federal Reserve their duties fall into four categories.
However it is questionable as to whether or not there are specific categories.
The first role of the Federal Reserve is supposed to be in watching the monetary and credit conditions that are present in the overall economy.
Further these things are supposed to be able to help the people to find maximum employment opportunities, stability in the prices of items, and that the interest rates be reasonable and available on a long term basis.
However there are many who would argue that this is not what the Federal Reserve does and that the Federal Reserve instead is more preoccupied with making sure that banks are able to make money with the interest rates and making sure that people have employment to pay off debt and loans that were given by said banks.
So basically although it would appear that there is a focus on the American people, the true focus lies in the banks and their overall success.
The second role of the Federal Reserve is that there is a strong push to supervise and regulate banking in order to have a stable economic system however there are few regulations that seem to be upholding as needed.
This goal also includes working to protect the rights of consumers and credit as a whole.
This goal is another one that seems to have not been met completely when it comes to the people as the Federal Reserve seems to take more interest in stabilizing the economic system then in working to help the consumers and protect their credit rights.
The third role of the Federal Reserve is that maintaining the stability of the financial system and watching the market and how things were able to arise in the financial market.
This is another goal that does nothing for the people but rather works to be able to secure and help money to be instituted to the financial system.
The fourth role is for the Federal Reserve is able to provide special deposits in the nation's payment system.
This is yet another goal that does not do anything to help the people.
Rather this is something that is primarily for the banks and the financial institutions that are supported.