European History – 1890 to 1945
The Federal Reserve is the central banking system of the United States, established in 1913 to provide a safer and more flexible monetary and financial system. It plays a crucial role in managing the nation's monetary policy, regulating banks, and serving as a lender of last resort, impacting both domestic and global economies significantly. Its policies can influence interest rates, inflation, and employment levels, making it a key player in economic stability.
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