Federal Reserve (Federal Reserve System)

The Federal Reserve, often called the Fed, is the central bank of the United States. Its main roles are to manage the country's money supply, influence interest rates, and ensure financial stability. It does this by setting policy tools like adjusting the discount rate and reserve requirements, and by buying or selling government securities. The Fed strives to promote a healthy economy by controlling inflation, supporting employment, and maintaining confidence in the financial system. It operates independently but works alongside the government to help ensure economic stability and growth.