(1) Increase the price of gold (i.e. devalue the dollar against gold to reduce the US debt burden and help exports)
(2) Decrease the VIX volatility index (i.e. manage perceptions to keep people calm, distracted, and willing to borrow and spend)
There's a little known index that measures how well the Fed is doing its job. It's called the Dow Jones Industrial average.
Here's the daily chart of the same:
Note the irregular sharp drop in the GLD/$VIX over the past few days.
In short, the Fed wants to raise the price of gold but must not let it rise in such a way that the $VIX will jump. If/when the Dow starts to tank, VIX will go up, and the gold should rise to stanch the fall.