US Federal Reserve

The U.S. Federal Reserve, often called the Fed, is the country’s central bank responsible for managing the U.S. economy's stability. It influences interest rates, controls inflation, and promotes employment by setting monetary policy. The Fed also supervises and regulates banks to ensure the financial system's safety and operates the nation’s payments system. By adjusting interest rates and using other tools, the Fed helps sustain economic growth and smooth out economic fluctuations, ultimately aiming for a stable, healthy economy.