Forum question | Business & Finance homework help
Yes, the role of the Federal Reserve is still relevant. The Federal Reserve is responsible for setting monetary policy and regulating the banking system in order to maintain a strong financial system. It is also tasked with managing inflation and providing liquidity to banks when needed. By performing these duties, the Fed helps ensure economic stability and long-term economic growth. Without its involvement, it would be difficult for businesses and consumers to have access to credit or other financial services that are essential for economic activity.