Here in Atlanta, the United Way of Metropolitan Atlanta is in its fourth year of operating an IDA homeownership program in eight Atlanta communities. Some of these IDA programs, such as the one with the Gwinnett Housing Resource Partnership, familiarize non-English speakers with banking and savings instruments in this country. Such efforts help ensure that families at all income levels have an opportunity to enhance their financial future. Like you, the Federal Reserve is interested in the financial health and literacy of all Americans. Our goal, through effective monetary policy, is to help maintain price stability and create conditions for sustainable growth that provide opportunities for individuals and families to flourish.
Sustainable growth helps citizens enter the job market and obtain important skills.
By creating conditions conducive to maximum sustainable growth with stable prices, the Federal Reserve can best do its part to ensure that all Americans have the chance to guarantee their financial well being. The Federal Reserve is also committed to continuing its research on consumer finance and to promoting financial literacy in partnership with national and local agencies and nonprofit organizations. Besides the research that we conduct, the Federal Reserve continues to promote consumer and community financial education. We publish public information guides on consumer protection laws and borrowers' rights. Furthermore, through our Community Affairs Offices, we help determine local credit and information needs and provide technical assistance to community leaders.