What is the FED?
⚬ The Federal Reserve System (FRS) is the central bank and monetary authority of the United States.
⚬ The FED is the most powerful financial institution in the world.
⚬ The FED provides the US with a safe, flexible, and stable monetary and financial system.
⚬ The FED's primary duties include conducting national monetary policy, supervising, and regulating banks, maintaining financial stability, and providing banking services.
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