Federal Reserve Role Economics Analysis

Concern has always come up on how the US government has been dealing with its economic policies and duties based on the crisis that took place in the year 2008. Hence there is a lot of criticism based on the government agencies and other bodies are doing their duties based on the moral principles. To start with the Federal Reserve Role which was brought into being in the year 1913, its main goal was to make sure that the country has stability, flexibility, safer financial system and a well-established monetary system. This body was brought into being by the US congress which also ensures that the country is in a steady state so it does work hand in hand with the US congress.

Federal Reserve was brought up through the federal system that has an agency of the central government in D. Indebtedness and monetary debasement which are also taken to be morally wrong, are still being adopted by the Federal reserve and government as economic policies which is actually very wrong according to biblical teachings. (North,2005) Federal system is licensed by the US government and it does have a private monopoly. Thus, the government has few powers and the main powers that it has do concern the appointment of board members. The bank has powers of its own which also don’t allow any finance or even accounting companies to have an evaluation of its financial records. Considering the powers that this bank has, it makes it easier for the individuals who are working in the bank to commit any kind of fraud without being noticed easily.