The Fed’s real purpose

Since, it's now clear that the Fed does not prevent inflation (but instead creates it), it's fair to ask what the Fed does.  And we have an answer:

When one considers the possibility that the Fed Chairman actually works for the banks, all the pieces begin falling into place.

It’s only natural, after all, given that the original mandate of the Fed was to preserve banking stability. It is the Federal Reserve’s job, first and foremost, to make sure that the U.S. financial system (and by extension the executives who stride atop it) perseveres through all economic storms.

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