Conclusion To conclude, the Federal Reserve is providing additional monetary accommodation to achieve its dual mandate of maximum employment and price stability. This policy not only helps strengthen the U.S. economic recovery, but by boosting U.S. spending and growth, it has the effect of helping support the global economy as well.
“Monetary Policy as Financial Stability Regulation,” Quarterly Journal of Economics, vol. 127 (February), pp. 57–95. Zingales, Luigi (2015). “Does Finance Benefit Society?” NBER Working Paper Series 20894. Cambridge, Mass. : National Bureau of Economic Research, January. 6  BIS central bankers’ speeches