Federal Reserve (United States)

The Federal Reserve, often called the Fed, is the central banking system of the United States. It manages the country’s money supply, influences interest rates, and helps maintain financial stability. Its main goals are to promote maximum employment, stable prices, and moderate long-term interest rates. The Fed controls the economy by adjusting how much money is available and setting the benchmark interest rate for loans. It also supervises banks to ensure they are safe and sound, and provides financial services to the government and other institutions. Overall, it plays a key role in supporting a healthy U.S. economy.