Five Things You Must Know About the Fed - TheStreet.com University - The Finance Professor - BAC - C

Taking or teaching a Money and Banking course? Or just interested in learning more about how the Fed works, the Street.com's new site has a nice review of what the role of the Fed now is.

Five Things You Must Know About the Fed - TheStreet.com University:

"The Fed is responsible for much more than determining the fed funds rates. According to the Fed's own publication entitled The Federal Reserve System Purposes & Functions, 9th Edition (June 2005), the Fed 'is the central bank of the United States' and was started by Congress 'to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded."