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U.S. Federal Reserve policy has been around since the central bank was established on Dec. 23, 1913. Its supposed purpose is to ensure the stability of the financial system…
But have Fed policies helped the U.S. economy — or have they harmed it?
In the following video, Money Morning Capital Wave Strategist Shah Gilani breaks down the positives and negatives of modern Federal Reserve policy:
Should We Abolish the Fed? Millions of Americans assume the Fed acts in the nation’s best interest and that our nation has always had a Fed. But the central bank’s original, century-old purpose no longer applies to modern-day markets. Far worse than that, the Fed’s actions have actually damaged the U.S. economy…
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The post Has Federal Reserve Policy Helped – Or Hurt – the American People? appeared first on Money Morning. Reposted with permission.
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