In Troubled Times, the Federal Reserve Must Work for Everyone
It's been a chaotic few days for the world's markets. Recent events do not paint the picture of a stable economy guided by rational minds. Instead, the world of global finance looks more like a playground in need of adult supervision.
Like other nations, we have a central bank. What should the Federal Reserve do in troubled times? For that matter, what is the Fed's role in preventing troubled times from occurring in the first place?