Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.

... it isn't just about fighting inflation or monitoring the financial system. It's about trying to help ordinary households get back on their feet and about creating a labor market where people can feel secure and work and get ahead.

Faith is the black person's federal reserve system.

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.