Marriner Eccles: Father of the Modern Federal Reserve

The Role of the Modern Federal Reserve

What is the role of the Federal Reserve in regulating the U.S. economy? The Fed has two major roles: monetary policy, accomplished through the setting of interest rates, and oversight of the financial system, such as the regulation of the banking system at large. Through these two sets of tools, the Fed can stimulate a sluggish economy, reduce inflation, and ensure banks are operating properly.

The Role of the Modern Federal Reserve

2m 37s

WETA Passport

Stream tens of thousands of hours of your PBS and local favorites with WETA Passport whenever and wherever you want. Catch up on a single episode or binge-watch full seasons before they air on TV.