Asked by Local Sales on Jul 09, 2024



What role does the Federal Reserve play?

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring financial stability.

  • Discern the distinctions between monetary and fiscal policy frameworks, with an emphasis on the Federal Reserve's role.

Verified Answer

Rahul Mehta

1 week ago

Final Answer :
Students' answers may vary.
The Federal Reserve is the main institution responsible for monetary policy in the United States.Created in 1913 to regulate banks and adjust the money supply, thus controlling inflation, its seven-member board of governors is appointed by the president with the consent of the Senate.