"In the United States, the Federal Reserve has a dual mandate of promoting stable inflation and maximum employment."
US inflation for all of 2007 hit the highest rate for 17 years, as surging energy and food costs pushed up prices, official data has shown.
U.S. jobs data a 'resounding alert' - A sharp and unexpected jump in unemployment to a two-year high has stoked fears the U.S. economy may be dangerously close to recession, maybe even in one already.
And I may add it was also the Fed's responsibility to regulate lenders. And they failed miserable there too.
Man, if this doesn't get you angry, nothing will.
HP calls for Congress to investigate The Fed. But of course, that won't happen, since they're in on it too.