Federal Reserve (Fed)

The Federal Reserve, or Fed, is the central banking system of the United States. Its main roles are to manage the country’s money supply, keep inflation under control, promote stable prices, and support a healthy economy. It does this by adjusting interest rates, regulating banks, and sometimes buying or selling government securities. The Fed also provides financial services to the government and helps ensure the stability of the banking system. Essentially, it acts as the economy's thermostat, helping to keep economic growth steady and preventing extreme fluctuations.