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The Federal Reserve could improve the transparency of monetary policy by reporting more frequently to the Congress than biannually as is now the practice. Reporting quarterly or every four months would be more appropriate.
The Federal Reserves supervision activities include examinations and inspections to ensure that financial institutions operate in a safe and sound manner and comply with laws and regulations. These include an assessment of a financial institutions risk-management systems, financial conditions, and compliance.
The Fed Explained promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
The Federal Reserve: Conducts the nations monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.
Monetary policy in the United States comprises the Federal Reserves actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue.
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In pursuit of continued financial stability, the Federal Reserve monitors the potential buildup of risks to financial stability; uses such analyses to inform Federal Reserve responses, including the design of stress-test scenarios and decisions regarding other policy tools such as the countercyclical capital buffer;
The Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee work together to promote the health of the U.S. economy and the stability of the U.S. financial system.

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