Federal Reserve Bank (Federal Reserve System)

The Federal Reserve System, commonly known as the Federal Reserve or "the Fed," is the central bank of the United States. Established in 1913, its main roles are to regulate the money supply, manage inflation, supervise banks, and provide financial services. The Fed aims to promote a healthy economy by influencing interest rates, which affects borrowing and spending. It also plays a crucial role in maintaining financial stability and responding to economic crises. The Federal Reserve operates independently from the government, though its actions can significantly impact both the economy and people's everyday lives.