Federal reserve

has 4 major responsibilities

  • Loran Lewis/WDN Jeff Garrett, right, a senior vice president with the Federal Reserve Bank of Dallas, explains the role of the 12 regional banks in the national system to members of the Rotary Wednesday.
Mention “federal reserve” and the thought likely to occur to most people would revolve around the raising of interest rates. Jeff Garrett, a senior vice president with the Federal Reserve Bank of Dallas, provided an overview of what the 12 regional reserve banks actually do for the economy when he spoke Wednesday to the Rotary Club. “We have a unique situation where we have the regional and the…

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