Busted: Bankers and The Global Economy

October 27, 2007

Interest of Fed is in Economic Performance

Filed under: banking, federal reserve, government, passport, security — Tags: , , , , , — digitaleconomy @ 2:56 am

Fred says it well. It’s all about money and performance of the economy so the Fed can profit. Obviously, the Fed is concerned. The Bush Administration hasn’t said a thing.

“The interest of the Federal Reserve in financial stability does not arise out of a concern for the functioning of financial markets as such or out of a desire to aid distressed investors or institutions. Rather, the Federal Reserve vigorously promotes financial stability because of the intimate connection between a stable financial system and solid macroeconomic performance.”
~ Governor Frederic Mishkin, October 26, 2007

Financial Instability and the Federal Reserve as a Liquidity Provider

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