So I look forward to talking about the ways in which the Fed has been moving.īut in terms of those five general functions, the first one, it’s a clear mandate to provide what we call monetary policy, so cash flow, that promotes maximum employment and stable prices, which is a economic synonym for low inflation, and also provide what are considered to be moderate long-term interest rates in the U.S. Of course, in times of crisis, the Fed is part and parcel of not just the daily headlines but also the solution. By that mandate, it performs, I would say five key functions that ultimately combine to promote, hopefully, a smooth running U.S. I mean, effectively, the Federal Reserve, which was created in 1913, is what we call the central bank of the U.S. Let’s start with defining who they are and what they’re supposed to be doing. It’s very difficult to know what the Fed actually does. Look, most people think of the Fed as the Great Oz behind the curtains. Liz, first, kudos to you for making the Fed sound interesting, right?. What are the key functions of the Fed? Can you talk a little bit about that to get us started? Why don’t we start by doing a quick primer on the Federal Reserve, also known as the Fed. Today, Jim, we’re going to talk about the Federal Reserve, specifically, can the Fed save the world and will it be able to help inoculate the markets from the toll of COVID-19?
I’m joined by Jim Lowell, our Chief Investment Officer, and a great student of history. I’m a Vice President here at Adviser Investments, and I’m here today with another Adviser You Can Talk To Podcast. Can the Fed save the world? Will it be able to help inoculate the markets from the toll of COVID-19? Join me, Liz Kesselman, alongside Jim Lowell, Adviser Investments’ Chief Investment Officer, for an insightful conversation. In this Adviser You Can Talk To Podcast, we’ll be talking about the Federal Reserve.
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