US History – 1865 to Present
The Federal Reserve, often referred to as the Fed, is the central banking system of the United States, established in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. It plays a crucial role in regulating the economy by controlling the money supply, setting interest rates, and serving as a lender of last resort during financial crises. Its policies significantly influenced economic and social conditions during various periods, especially the 1980s and the Great Recession.
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