The Federal Reserve System is a private central bank in the United States.
The Fed’s main role is to strengthen the stability of the financial system and to regulate and supervise the operations of the nation’s banks.
Other responsibilities include stabilising financial markets, supervising the banking system and providing financial services to the government.
The Reserve Bank’s reserve system shapes its financial system through its own economic factors.
The Federal Reserve is the largest holder of federal debt in the United States, closely guarded from shareholders and responsible for the central bank of the United States.
The system was created by the Federal Reserve Act on December 23, 1913.
The central governing body of the Federal Reserve is the Federal Reserve Board.
The U.S. Federal Reserve System consists of the Federal Reserve Board in Washington, D.C. and 12 regional Federal Reserve banks located in major cities across the country.
Jerome Powell is the current top governor of the Federal Reserve.
As the central bank of the United States, the Federal Reserve receives authority from the U.S. Congress to set policy and supervise financial institutions in the United States.
The Federal Reserve is one of the most powerful financial institutions in the world. It is not only a privileged issuer of money and a bank for the government, but also regulates and supervises the credit system, commercial banks, and even lenders of last resort.
The value that the Fed controls also affects the direction of all major currency pairs.
