Federal Reserve System

The Federal Reserve System, often called the Fed, is the central bank of the United States. It manages the country’s monetary policy, aiming to promote maximum employment, stable prices, and moderate long-term interest rates. The Fed conducts monetary policy by influencing interest rates and controlling the money supply. It also supervises and regulates banks to ensure safety and soundness in the financial system. Additionally, the Fed acts as a lender of last resort during financial crises, helping to maintain confidence in the banking system and prevent economic downturns.