Role of Federal Reserve

Federal Reserve exists to play a role as the last resort of lender for the US economy where International Monetary Funds (IMF) exists to play a similar role for global economy. The International Monetary Fund has become a powerful international institution that provides loans to governments of member countries unable to meet their international financial obligations, such as to public and private lenders or to trade partners. The IMF has played a role as a world finance minister that monitors the global economy ensuring that trade and exchange is occurring smoothly.
History
The Internatio…