United States Federal Reserve

The United States Federal Reserve, often called the Fed, is the central banking system of the U.S. responsible for managing the country’s monetary policy. It influences the economy by controlling interest rates, regulating banks, and providing financial stability. The Fed aims to promote maximum employment, stable prices, and moderate long-term interest rates. It does this by adjusting the money supply and lending practices to prevent inflation or deflation. As an independent entity, it operates separately from the government, but its decisions impact the economy, banking system, and financial markets nationwide.