Since the Federal Reserve was created it has:

The Federal Reserve was established in 1913 with the primary purpose of providing the country with a safer and more flexible monetary and financial system. One of its significant roles is the implementation of monetary policy, which includes managing the money supply and interest rates to foster economic stability. Over the years, the Federal Reserve has indeed improved its policy tools, such as fine-tuning interest rates, and employing unconventional methods like quantitative easing during financial crises to promote stability in the financial markets.

By enhancing its ability to respond to emerging economic challenges, the Fed has been able to mitigate some financial instability. It has developed various mechanisms to ensure liquidity in the financial system and has played a pivotal role during times of economic distress, such as the 2008 financial crisis and the disruptions caused by the COVID-19 pandemic. Through these advancements, the Federal Reserve has aimed to prevent severe economic downturns and provide a stable environment conducive to growth.

In contrast, while the Fed has had some success in averting certain financial panics, it has not managed to prevent all possible crises or market disruptions, which is why options referring to averted panics do not fully encapsulate the complexity of its role. Additionally, the assertions regarding international versus domestic panics do not accurately reflect the