The Fed shall work to counter business cycles, stabilize the banking system against shocks, and print billions of dollars so as to keep stock market prices as high as possible: NYT:
Hoping to provide some comfort that there is ample cash available, the Federal Reserve made its largest intervention since the markets reopened Sept. 19, 2001, in the wake of the terrorist attacks. The central bank injected $38 billion into the financial system on top of the $24 billion it put in on Thursday.
