[NVDave]

When they executed swap agreements to prop up other nations’ currencies and banking systems.

Not part of their mission, not part of what the Congressional act creating the Fed authorizes them to do.

[Toddsterpatriot]

When they executed swap agreements to prop up other nations’ currencies and banking systems.

It supported the banking system. It reduced the interest rate on dollar loans. How did it support their currencies?

Not part of their mission, not part of what the Congressional act creating the Fed authorizes them to do.

Congress didn't authorize the Fed to deal with other central banks? Are you sure about that?