American Presidency
The Federal Reserve, often referred to as the Fed, is the central banking system of the United States, established in 1913 to provide the country with a safe, flexible, and stable monetary and financial system. It plays a critical role in formulating and implementing economic policy, influencing interest rates, regulating banks, and providing financial services to the government and other financial institutions. The Fed's actions significantly impact inflation, employment, and overall economic growth.
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