Federal Reserve 13

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The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.

The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness, 

Here's a more detailed breakdown: 

• Monetary Policy:The Fed influences the money supply and credit conditions in the economy to promote maximum employment, stable prices (low inflation), and moderate long-term interest rates. This is primarily achieved through setting the federal funds rate and managing the money supply.
  
• Financial System Stability:The Fed works to minimize risks within the financial system and ensure the safety and soundness of individual banks and the overall system. This includes supervising and regulating banks and other financial institutions.
  
• Banking Services:The Fed provides various financial services to the U.S. government and financial institutions. This includes acting as a fiscal agent for the government, operating the nation's payments system, and serving as a lender of last resort.
  
• Other Functions:The Federal Reserve also promotes consumer protection and community development.