Fed Policy that Focuses on Jobs Creation for Americans instead of Profits for Wealthy - TIME FOR CHANGE

As per its official summary in the Federal Reserve Act of 1913 (approaching its century anniversary on December 23, 2013), the Federal Reserve was formed to “provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”
Besides, if the Fed really wanted to make a dent in unemployment today, it could have spent the nearly $1.4 trillion it used to buy MBS to create 14 million jobs paying $100K or 28 million jobs paying $50k, or funded the small businesses that the big banks are not. Equating QE with employment illogically equates offering the biggest banks a  dumping ground for their securities with middle and lower class prosperity.

http://www.alternet.org/economy/wanted-fed-policy-focused-jobs-americans-instead-profits-banks?akid=11254.294211.YfSboP&rd=1&src=newsletter934586&t=19