The Federal Reserve cannot guarantee a 100% crisis-free economy, but I'm sure it does its best.
Yay for the Fed!! They try really hard!! They do their best!!
It was a GLOBAL FINANCIAL CRISIS. Followed by something called THE GREAT RECESSION.
Not an ordinary, everyday crisis aye....
The GFC was caused by uncontrolled borrowing and lending, on an international scale, which was not the Fed's fault
Fact: the GFC originated in the USA.
The Fed sets interest rates. It was set up as the gatekeeper. Yet when rampant borrowing, lending, and debt creation are given free reign....."its not the Feds fault". Remember, these are the guys that put interest rates at record lows to stimulate asset bubbles and create a 'wealth effect'. But if another crisis happens lets all remember Skols words: its not the Feds fault. Its never the Feds fault.