Chapter 15 Stability of Financial Markets: Federal Reserve Responsibility?
Author:
Richard L. Fogel
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Abstract

The General Accounting Office (GAO) is an independent investigative arm of the U.S. Congress. Supporting the Congress is GAO’s fundamental responsibility. We do this by providing a variety of services, the most prominent of which are audits and evaluations of federal programs and activities. Most GAO reviews are made in response to specific requests of congressional committees. Other reviews are undertaken independently in accordance with our basic legislative responsibilities. The GAO examines virtually every federal program, activity, and function. Our goal in meeting the needs of the Congress is to furnish useful, objective, and accurate information. We pursue this goal through open and frequent communication with congressional requesters and their staffs and by following rigorous professional standards in doing our work.

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