Global Monetary Economics
The Federal Reserve System, often referred to as the Fed, is the central banking system of the United States, established in 1913. It plays a critical role in the country’s monetary policy by regulating money supply, providing financial services, and overseeing the banking industry. As an evolution of earlier banking structures, the Fed was created to address financial panics and to stabilize the economy, reflecting broader historical changes in monetary systems and leading to discussions on central bank independence.
congrats on reading the definition of Federal Reserve System. now let's actually learn it.