What does the U.S. Federal Reserve do?
The U.S. Federal Reserve is the central bank of the United States. It is responsible for setting and implementing monetary policy, supervising and regulating financial institutions, and providing financial services to the government and to the public. The Fed also serves as the lender of last resort to banks in need of liquidity and is responsible for ensuring the stability of the U.S. financial system. Through its actions, the Federal Reserve helps to maintain the value of the U.S. dollar and to promote economic growth. It also plays an important role in preventing and managing financial crises.CONTINUE